c : trustee in bankruptcy trusteeship noun trustee 2 of 2 verb trusteed; trusteeing transitive verb : to commit to the care of a trustee intransitive verb : to serve as trustee More from Merriam-Webster on trustee Nglish: Translation of trustee for Spanish Speakers Britannica English...
or property that is in a trust for someone elsethe trustees of the pension fund→active trustee→bare trustee→constructive trustee2a member of a group that controls the money of a company, college, or other organizationIt is being operated by a trustee appointed by the federal Bankruptcy Court...
What is Bankruptcy?Bankruptcy is a legal status of an individual or an entity when they are unable to pay their debts. The process could…Read Article Bankruptcy Trustee – Meaning, Responsibilities, and More A bankruptcy trustee is the second most important person after the debtor in the bankru...
Looking for online definition of trusteeship in the Medical Dictionary? trusteeship explanation free. What is trusteeship? Meaning of trusteeship medical term. What does trusteeship mean?
First recorded in1640–50;trust+-ee Discover More Example Sentences The relief money was being used for security and to respond to medical records requests until Ellwood City Medical Center could be sold, a bankruptcy trustee said in a December 2020 court filing. ...
sign up by clicking "sign up", you are accepting dictionary.com terms & conditions and privacy policies. quiz q: true or false? british english and american english are only different when it comes to slang words. trustee in bankruptcy trustee process browse ...
In Bankruptcy cases a court may appoint a trustee to manage the funds of the insolvent party. Trustees who are appointed by bankruptcy courts are paid for their services from public funds. Trustees who manage trusts for private parties also are paid for their services, but their compensation com...
Also Read:Bankruptcy Trustee – Meaning, Responsibilities, and More There are only two parties in a mortgage – borrower and the lender. On the other hand, there are three parties – borrower, lender, and trustee – in a Deed of Trust. ...
Bankruptcy trustees evaluate and make recommendations about various debtor and creditor demands in accordance with the U.S. Bankruptcy Code but a bankruptcy judge has the ultimate authority on the distribution of assets to settle debts. A bankruptcy trustee works with thebankruptcy courtto take any a...
A trustee is often designated by the original owner of the assets, called the trustor. In some cases, a trustee may be assigned by a court. A trustee may be appointed for various purposes, such as in the case of bankruptcy, for a charity, or for a trust fund. ...