TRUSTEE

Trustee

Trustee is a legal term which, in its broadest sense, can refer to any person who holds property, authority, or a position of trust or responsibility for the benefit of another. Although the strictest sense of the term is the holder of property on behalf of a beneficiary, the more expansive sense encompasses persons who serve, for example, on the Board of Trustees for an institution that operates for the benefit of the general public.

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trustee

Noun

  1. 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 hands the effects of another are attached in a trustee process.

Verb

trustee

  1. To commit (property) to the care of a trustee; as, to trustee an estate.
  2. To attach (a debtor's wages, credits, or property in the hands of a third person) in the interest of the creditor.


The above text is a snippet from Wiktionary: trustee
and as such is available under the Creative Commons Attribution/Share-Alike License.

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