- An individual who holds or manages assets for the benefit of another. Trustees make decisions based on due diligence and in the best interest of the beneficiary, and can be held personally liable for their actions if the beneficiary deems there was a breach of trust.
For example, an indenture trustee is the agent of a bond issuer who handles all the administrative aspects of a loan, including ensuring that the borrower complies with the terms in the indenture.
Investment dictionary. Academic. 2012.
Look at other dictionaries:
trustee — trust·ee 1 /ˌtrəs tē/ n 1: one to whom something is entrusted: one trusted to keep or administer something: as a: a member of a board entrusted with administering the funds and directing the policy of an institution or organization b: a country… … Law dictionary
trustee — an agent of the court who manages the property of the debtor for the benefit of the creditors. The court appoints a trustee in most Chapter 7 cases and in Chapter 11 cases when it determines that the debtor s management should not remain in their … Glossary of Bankruptcy
Trustee — is a legal term that refers to a holder of property on behalf of a beneficiary. A trust can be set up either to benefit particular persons, or for any charitable purposes (but not generally for non charitable purposes): typical examples are a… … Wikipedia
Trustee — Trus*tee , n. (Law) 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 … The Collaborative International Dictionary of English
Trustee — Trus*tee , v. t. 1. To commit (property) to the care of a trustee; as, to trustee an estate. [1913 Webster] 2. (Law) To attach (a debtor s wages, credits, or property in the hands of a third person) in the interest of the creditor. [U. S.] [1913… … The Collaborative International Dictionary of English
trustee — ● trustee nom masculin (anglais trustee) Mandataire qui, ayant reçu des instruments de paiement, doit les délivrer à leur bénéficiaire dans des conditions définies. Administrateur qui, aux termes d un accord entre créanciers et débiteurs, assure… … Encyclopédie Universelle
trustee — [trus tē′] n. 1. a person to whom another s property or the management of another s property is entrusted 2. a nation under whose authority a trust territory is placed 3. any of a group or board of persons appointed to manage the affairs of an… … English World dictionary
Trustee — (engl., spr. Tröstih), 1) der Betraute, Beglaubigte, Bevollmächtigte; 2) Administrator, 3) Vormund, Curator; 4) Fideicommissar, Besitzer eines Fideicommißgutes; 5) Vorsteher, Schuldirector … Pierer's Universal-Lexikon
Trustee — (engl., spr. tröstī), »Vertrauensmann«, Bevollmächtigter, Vormund etc.; vgl. Trust … Meyers Großes Konversations-Lexikon
Trustee — (engl., spr. trößtíh), Bevollmächtigter des Trusts (s.d.) … Kleines Konversations-Lexikon
trustee — person who is responsible for the property of another, 1640s, from TRUST (Cf. trust) + EE (Cf. ee) … Etymology dictionary