settlor
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English
Etymology
Pronunciation
- (General American) IPA(key): /ˈsɛt.lɚ/, /ˈsɛt.l̩.ɚ/
- (Received Pronunciation) IPA(key): /ˈsɛt.lə/, /ˈsɛt.l̩.ə/
Audio (Southern England) (file) - Homophone: settler
Noun
settlor (plural settlors)
- (trust law) A person who settles property on express trust for the benefit of beneficiaries.
- 2020, Katharina Pistor, “2: Coding Land”, in The Code of Capital , Princeton University Press, →ISBN:
- Once the trust deed is drawn up and the asset transferred to the trustee, the settlor no longer owns the asset; his personal creditors therefore cannot seize it to satisfy their claims. […]