trustee
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English
Etymology
Pronunciation
Noun
trustee (plural trustees)
- (trust law) A person to whom property is legally committed in trust, to be applied either for the benefit of specified individuals (beneficiaries), or for public uses; one who is intrusted with property for the benefit of another.
- 2020, Katharina Pistor, “2: Coding Land”, in The Code of Capital , Princeton University Press, →ISBN:
- The trust property is now managed by a trustee who holds formal title to the asset; the trustee can sell it, but only for the benefit of the beneficiary, and he must replace it with like assets.
- A person in whose hands the effects of another are attached in a trustee process.
Derived terms
Translations
person to whom property is legally committed in trust
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See also
Verb
trustee (third-person singular simple present trustees, present participle trusteeing, simple past and past participle trusteed)
- (transitive) To commit (property) to the care of a trustee.
- to trustee an estate
- (transitive) To attach (a debtor's wages, credits, or property in the hands of a third person) in the interest of the creditor.