Noun1.trustor- (law) a person who creates a trust by giving real or personal property in trust to a trustee for the benefit of a beneficiary; a person who gives such property is said to settle it on the trustee settlor bestower,conferrer,donor,giver,presenter- person who makes a gift ...
Upon its termination or resignation, the Trustee of the First Trust will promptly settle the existing rights and obligations of the Trustee of the First Trust as against the Trustor of the First Trust, the Subordinated Beneficiary and the Trustee of the Second Trust and deliver to the Successor...