Trustee

Word TRUSTEE
Character 7
Hyphenation trus tee
Pronunciations N/A

Definitions and meanings of "Trustee"

What do we mean by trustee?

The person in a trust relationship who holds title to property for the benefit of another. noun

A member of a board elected or appointed to direct the funds and policy of an institution. noun

A country responsible for supervising a trust territory. noun

To place (property) in the care of a trustee. intransitive verb

To function or serve as a trustee. intransitive verb

To attach by a trustee process. See trustee, n., 3.

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. noun

In the United States, a person in whose hands the effects of another are attached in a trustee process (see the phrase below). noun

To commit (property) to the care of a trustee. transitive verb

To attach (a debtor's wages, credits, or property in the hands of a third person) in the interest of the creditor. transitive verb

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. noun

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. noun

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. noun

To commit (property) to the care of a trustee; as, to trustee an estate. verb

To attach (a debtor's wages, credits, or property in the hands of a third person) in the interest of the creditor. verb

Members of a governing board noun

A person (or institution) to whom legal title to property is entrusted to use for another's benefit noun

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.

A person in whose hands the effects of another are attached in a trustee process.

Synonyms and Antonyms for Trustee

The word "trustee" in example sentences

In Mexico, the trustee is always a financial institution, and it holds title to the property. ❋ Unknown (2006)

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. ❋ Carrick Mollenkamp (2010)

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 (2010)

I remember talking to a trustee from the University of Zurich who suggested that they put more of the endowment in real estate. ❋ Unknown (2010)

BNY Mellon, the bond trustee, is charged with administering the securitizations, or bond trusts, for the benefit of investors. ❋ Ruth Simon (2010)

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. ❋ Erica Orden (2010)

This is often described as a trustee's most important fiduciary duty, the duty of loyalty. ❋ Frazer C. Rice (2010)

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. ❋ Unknown (2008)

"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." ❋ Unknown (2008)

The fact is, the position of a trustee is never satisfactory to the beneficiary or to the trustee himself. ❋ Unknown (1969)

In New Zealand, and to some extent in Australia, the work of the public trustee is a great and growing institution. ❋ Unknown (1926)

But today a trustee is not allowed to invest in Argentina, where we have gigantic sums of money risked; we are not allowed to invest in United States securities; even our ally France, or Foreign nations-we are not permitted to invest one single penny in the securities of those nations. ❋ Unknown (1909)

Colonel Le Noir was to remain trustee of the property, with directions from the court immediately to pay the legacies left by the late Doctor Day to Marah Rocke and Traverse Rocke, and also to pay to Clara Day, in quarterly instalments, from the revenue of her property, an annual sum of money sufficient for her support. ❋ Unknown (1888)

First-term trustee Sandra Cruz said she and her colleagues will be affected by the loss of four experienced trustees who have provided guidance to the newer members. ❋ Unknown (2010)

There are three full two-year term trustee vacancies, and one to fill the one-year balance on a two-year term. ❋ Unknown (2010)

Cross Reference for Trustee

What does trustee mean?

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