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Trustee - 8 dictionary results
trust⋅ee
[truh-stee] 
noun, verb -eed, -ee⋅ing. Law.–noun
| 1. | a person, usually one of a body of persons, appointed to administer the affairs of a company, institution, etc. |
| 2. | a person who holds the title to property for the benefit of another. |
| 3. | (in New England) a garnishee. |
| 4. | a trusty. |
–verb (used with object)
| 5. | to place in the hands of a trustee or trustees. |
| 6. | (in New England) to garnish. |
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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Based on the Random House Dictionary, © Random House, Inc. 2009.
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|
Link To Trustee
| trus·tee (trŭ-stē') n.
v. tr. To place (property) in the care of a trustee. v. intr. To function or serve as a trustee. |
The American Heritage® Dictionary of the English Language, Fourth Edition
Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Trustee
Trus*tee"\, n. (Law) A person to whom property is legally committed in trust, to be applied either for the benefit of specified individuals, or for public uses; one who is intrusted with property for the benefit of another; also, a person in whose hands the effects of another are attached in a trustee process. Trustee process (Law), a process by which a creditor may attach his debtor's goods, effects, and credits, in the hands of a third person; -- called, in some States, the process of foreign attachment, garnishment, or factorizing process. [U. S.]Trustee
Trus*tee"\, v. t. 1. To commit (property) to the care of a trustee; as, to trustee an estate. 2. (Law) To attach (a debtor's wages, credits, or property in the hands of a third person) in the interest of the creditor. [U. S.]
Webster's Revised Unabridged Dictionary, © 1996, 1998 MICRA, Inc.
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Language Translation for : Trustee
Spanish:
fideicomisario,
German:
der, *die Treuhänder(in),
Japanese:
保管人
Trustee
An individual who holds or manages assets for the benefit of another.
Investopedia Commentary
For example, an indenture trustee is the agent of a bond issuer who handles all the administrative aspects of a loan, including ensuring that the borrower complies with the terms in the indenture.
See also: Exemption Trust, Indenture, Irrevocable Trust, Trust, Unit Investment Trust, Unit Trust
Investopedia.com. Copyright © 1999-2005 - All rights reserved. Owned and Operated by Investopedia Inc.
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trustee
- An appointed person or institution that manages assets for the benefit of someone else. Trustees are most often trust corporations or trust departments of commercial banks that manage the assets for a fee based on a percentage of the size of the trust (usually under 1%). A trust may be very restrictive or it may allow the trustee wide discretion, depending upon the grantor's wishes.
Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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Copyright © 2003. Published by Houghton Mifflin.
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Main Entry: trust·ee
Pronunciation: "tr&s-'tE
Function: noun
1 : one to whom something is entrusted : one trusted to keep or administer something: as a : a member of a board entrusted with administering the funds and directing the policy of an institution or organization b : a country charged with the supervision of a trust territory
2 a : a natural or legal person to whom property is committed to be administered for the benefit of a beneficiary (as a person or charitable organization) : the holder of legal title to property placed in a trust —compare CESTUI QUE TRUST, SETTLOR b : one (as a corporate director) occupying a position of trust and performing functions comparable to those of a trustee c : TRUSTEE IN BANKRUPTCY —trust·ee·ship noun
Main Entry: trustee
Function: verb
Inflected Forms: trust·eed; trust·ee·ing
transitive verb : to commit to the care of a trustee intransitive verb : to serve as trustee
Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc.
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