Definitions

from The American Heritage® Dictionary of the English Language, 4th Edition

  • n. Law One, such as a bank, that holds legal title to property in order to administer it for a beneficiary.
  • n. A member of a board elected or appointed to direct the funds and policy of an institution.
  • n. A country responsible for supervising a trust territory. See Usage Note at -ee1.
  • transitive v. To place (property) in the care of a trustee.
  • intransitive v. To function or serve as a trustee.

from Wiktionary, Creative Commons Attribution/Share-Alike License

  • n. 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.
  • v. To commit (property) to the care of a trustee; as, to trustee an estate.
  • v. To attach (a debtor's wages, credits, or property in the hands of a third person) in the interest of the creditor.

from the GNU version of the Collaborative International Dictionary of English

  • n. 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.
  • transitive v. To commit (property) to the care of a trustee.
  • transitive v. To attach (a debtor's wages, credits, or property in the hands of a third person) in the interest of the creditor.

from The Century Dictionary and Cyclopedia

  • To attach by a trustee process. See trustee, n., 3.
  • n. A person to whom property or funds have been committed in the belief and trust that he will hold and apply the same for the benefit of those who are entitled, according to an expressed intention, either by the parties themselves, or by the deed, will, settlement, or arrangement of another; also, by extension, a person held accountable as if he were expressly a trustee in law. Compare guardian, 2.
  • n. In the United States, a person in whose hands the effects of another are attached in a trustee process (see the phrase below).

from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.

  • n. members of a governing board
  • n. a person (or institution) to whom legal title to property is entrusted to use for another's benefit

Etymologies

Sorry, no etymologies found.

Examples

  • In Mexico, the trustee is always a financial institution, and it holds title to the property.

    Mexican trusts

  • But some interviewed expressed concern that a younger patron may lack familiarity with an organization's priorities, which could turn problematic given that a trustee is often vested with executive-hiring approval, financial responsibilities and, in the case of museums, the acquisition of artwork.

    Cultural Boards Get Younger Look

  • BNY Mellon, the bond trustee, is charged with administering the securitizations, or bond trusts, for the benefit of investors.

    Bondholders Pick a Fight With Banks

  • The virtue of the sole trustee is that you have one person accountable and with an incontrovertible mandate to protect the pension fund against raids.

    David A. Singer: Meet Harry Wilson -- Candidate for NYS Comptroller

  • In a New Orleans federal bankruptcy court, a trustee is investigating how Lender Processing and the Boles Law Firm of Monroe, La., failed to credit a borrower's loan payments during efforts to lift a foreclosure stay on behalf of a lender.

    Trustees Probing Mortgage Handlers

  • I remember talking to a trustee from the University of Zurich who suggested that they put more of the endowment in real estate.

    Matthew Yglesias » A Job Well Done

  • This is often described as a trustee's most important fiduciary duty, the duty of loyalty.

    So You Want To Be A Trustee?

  • Joining Mr. Gutierrez as a trustee is Barry Jackson, a former deputy to Karl Rove, who serves as assistant to the president for strategic initiatives and external affairs.

    Top Bush Aides to Linger on High-Profile Boards - The Caucus Blog - NYTimes.com

  • "But", says the Court of Appeals, "even when the trust instrument vests the trustee with broad discretion to make decisions regarding the distribution of trust funds, a trustee is still required to act reasonably and in good faith in attempting to carry out the terms of the trust."

    Trusts and Estates

  • The fact is, the position of a trustee is never satisfactory to the beneficiary or to the trustee himself.

    Canada's Indian Policy—A Major Review

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