trustee

trustee
A person who holds the legal title to property but who is not its beneficial owner. Usually there are two or more trustees of a trust and for some trusts of land this is necessary. The trustee may not profit from the position but must act for the benefit of the beneficiary, who may be regarded as the real owner of the property. Either an individual or a company may act as trustee. It is usual to provide for the remuneration of trustees in the trust deed, otherwise there is no right to payment. Trustees may be personally liable to beneficiaries for loss of trust property.

Big dictionary of business and management. 2014.

Игры ⚽ Поможем сделать НИР
Synonyms:

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

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”