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- Dictionarytrust·ee/ˌtrəˈstē/
noun
- 1. an individual person or member of a board given control or powers of administration of property in trust with a legal obligation to administer it solely for the purposes specified.
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Jun 12, 2024 · A trustee is a person or firm that holds and administers property or assets for the benefit of a third party. A trustee is often designated by the original owner...
The meaning of TRUSTEE is a natural or legal person to whom property is legally committed to be administered for the benefit of a beneficiary (such as a person or a charitable organization). How to use trustee in a sentence.
A trustee is a person who is appointed to administer the affairs of a company or other organization. Often such an organization will have a group, or a board, of trustees. A trustee can also be a person who holds the title to a property for someone else.
TRUSTEE definition: 1. a person, often one of a group, who controls property and/or money for another person or an…. Learn more.
A trustee is someone who is responsible for another person's money or property. Trustees sometimes oversee investment accounts or make sure a property is being taken care of. Trustee is a legal term that's often used when people write wills or set up trusts—funds that are set aside for specific recipients, usually called beneficiaries.
A trustee is someone with legal control of money or property that is kept or invested for another person, company, or organization. The trustees of your pension fund decide which fund manager will invest some or all of your future income.
Definition of trustee noun in Oxford Advanced Learner's Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.
1. (Law) a person to whom the legal title to property is entrusted to hold or use for another's benefit. 2. (Law) a member of a board that manages the affairs and administers the funds of an institution or organization.
Trustee (or the holding of a trusteeship) is a legal term which, in its broadest sense, is a synonym for anyone in a position of trust and so can refer to any individual who holds property, authority, or a position of trust or responsibility for the benefit of another.
Someone who holds title in trust for the benefit of another person and who owes fiduciary responsibility to that beneficiary. Also used loosely to refer to anyone acting as guardian or fiduciary with respect to another person.
