trustee

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“
A London stockbroker had absconded: a trustee was appointed to handle his affairs and it was discovered that the fleeing stockbroker had acted for the still absent Elibank, had indeed bought American Marconis for him -- a total of 3000: and as it later appeared, these had been bought for the funds of the Liberal

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Definitions (15)

Toggle American Heritage definitions American Heritage Dictionary (5)

  1. noun Law One, such as a bank, that holds legal title to property in order to administer it for a beneficiary.
  2. noun A member of a board elected or appointed to direct the funds and policy of an institution.
  3. noun A country responsible for supervising a trust territory. See Usage Note at -ee1.
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Examples (50)

  • Under a Chapter 11 bankruptcy, a business can continue operating while it tries to reorganize its debts, but under a Chapter 7, a trustee is appointed and the property and assets are sold off to pay creditors, according to the U.S. Department of Justice. —  TheSunNews.com: Local
  • As a trustee, they must fulfill their fiduciary duty to the entity that made them trustee. —  New Haven Independent
  • During the weekly rate, bondholders may tender their bonds on any business day, provided the trustee is given seven days 'prior notice of the purchase. —  The Earth Times Online Newspaper
  • The U.S. bankruptcy trustee, a Justice Department employee, also opposes the pay plan, and may ask for an independent examiner to investigate how it came to be proposed, as I report in Tuesday's Times. —  Floyd Norris
  • A request for a trustee was made in November by the New York state comptroller, Thomas DiNapoli. —  IBTimes.com RSS Feed - Politics & Policy
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/trəsˈti/
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