The meaning of TRUSTEE is a natural or legal person to whom property is legally committed to be administered for the benefit of a beneficiary (such as a person or a charitable organization). How to use trustee in a sentence.
Define trustees. trustees synonyms, trustees pronunciation, trustees translation, English dictionary definition of trustees. a person who is given control of another’s property: He is the trustee of his mother’s estate. Not to be confused with: trusty
Define trustee. trustee synonyms, trustee pronunciation, trustee translation, English dictionary definition of trustee. a person who is given control of another’s property: He is the trustee of his mother’s estate. Not to be confused with: trusty – a
A trustee is a person or firm that holds and administers property or assets for the benefit of a third party. A trustee may be appointed for various purposes, such as in the case of bankruptcy, certain types of retirement plans or pensions, or to manage assets for someone like a minor....
Definition of trustees in the Financial Dictionary - by Free online English dictionary and encyclopedia. What is trustees? Meaning of trustees as a finance term. What does trustees mean in finance?
individual Trustees in their capacity as Trustees hereunder; (l) Trust Property means any and all property, real or personal, tangible or intangible, which is owned or held by or for the account of one or more of the Trust or any Series, or the Trustees on behalf of the Trust or any ...
Definition of trustee noun from the Oxford Advanced Learner's Dictionary trustee noun /trʌˈstiː/ /trʌˈstiː/ a person or an organization that has control of money or property that has been put into a trust for somebody The bank will act as trustees for the estate ...
A trustee is responsible for managing the assets placed in a trust. With this power, they can determine how assets like money or property will be invested and distributed. Their purpose is to protect or grow the existing assets for the benefit of the beneficiaries. ...
The meaning of TRUSTEE is a natural or legal person to whom property is legally committed to be administered for the benefit of a beneficiary (such as a person or a charitable organization). How to use trustee in a sentence.
Property Trusteemeans the Person identified as the “Property Trustee” in the Trust Agreement, solely in its capacity as Property Trustee of the Trust under the Trust Agreement and not in its individual capacity, or its successor in interest in such capacity, or any successor Property Trustee ap...