trustee

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Trustee

Agent of a bond issuer who handles the administrative aspects of a loan and ensures that the borrower complies with the terms of the bond indenture.

Trustee

1. The individual or company who manages assets in a trust on behalf of the beneficiary.

2. More generally, any individual or company who manages assets on behalf of another. For example, a bank may hire a trustee to distribute funds from a loan to the borrower.

In both cases, the trustee has a fiduciary responsibility to act on behalf of the beneficiary or client, rather than in his/her own interests.

trustee

An appointed person or institution that manages assets for the benefit of someone else. Trustees are most often trust corporations or trust departments of commercial banks that manage the assets for a fee based on a percentage of the size of the trust (usually under 1%). A trust may be very restrictive or it may allow the trustee wide discretion, depending upon the grantor's wishes.

Trustee.

A trustee is a person or institution appointed to manage assets for someone else's benefit.

For example, a trustee may be responsible for money you have transferred to a trust, or money in certain retirement accounts.

Trustees are entitled to collect a fee for their work, often a percentage of the value of the amount in trust. In turn, they are responsible for managing the assets in the best interests of the beneficiary of the trust. That's known as fiduciary responsibility.

trustee

see TRUST.

trustee

see TRUST.
References in periodicals archive ?
TRUSTe is the leading online privacy solutions provider and provides a broad suite of privacy services to help businesses build trust and increase engagement across all of their online channels - including websites, mobile applications, advertising, cloud services, business analytics and email marketing.
The TRUSTe privacy seal program provides the business community with a standardized, low-cost solution to address consumer anxiety about sharing personal information online.
TRUSTe conducts an initial review of each Web site and privacy statement to ensure consistency, adherence to program principles, and whether privacy statements disclose what type of personal identifiable information is being gathered, who is collecting it, how it will be used, and with whom it will be shared.
With the TRUSTe privacy seal, Sprint sends a clear signal to its customers that it respects their personal information.
Through this partnership, TRUSTe will perform data inventory and mapping -- one of the critical activities in Ensono's GDPR compliance roadmap.
Joanne has contributed extensive practical expertise on a number of ground-breaking services and products TRUSTe offers to customers, including TRUSTed Data Collection certification, European Union Safe Harbor Seal program and the Trusted Downloads Program that all help businesses enhance consumer trust, drive increased registrations and transactions, and comply with complex privacy requirements.
Joanne has contributed extensive practical expertise on a number of ground-breaking services TRUSTe offers to customers, including TRUSTed Data Collection certification, TRUSTe's Small Business solution, European Union Safe Harbor Seal program, Email Privacy Seal program, and the Trusted Downloads Program that all help businesses enhance consumer trust, drive increased registrations and transactions, and comply with complex privacy requirements.
TRUSTe is excited to deliver data privacy management services for Millennial s expansive global client base through this agreement, said Chris Babel, CEO for TRUSTe.
Truste is based in Cupertino, but Lewin will be ensconced in Washington DC, where the group is hoping to boost its presence.
Through the partnership, TRUSTe will allow consumers to opt-out of targeted advertising through their TRUSTed Mobile Ads preference manager.
TELECOMWORLDWIRE-March 12, 2012-LiveRail and TRUSTe form partnership(C)1994-2012 M2 COMMUNICATIONS http://www.