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 ?
To request a personal demo, contact TRUSTe at 1-888-878-7830 or if you're at Privacy.
1 TRUSTe is the leading global provider of data privacy solutions for business, offering a broad suite of technologies and certifications to help companies build trust and increase engagement across their online channels, including websites, mobile apps, advertising, and cloud services.
TRUSTe, the leading global online privacy solutions provider, awards its privacy seals only to companies that complete the rigorous TRUSTe certification process and agree to comply with ongoing oversight and TRUSTe's consumer dispute resolution process.
But privacy professionals have been the last to benefit from technology, struggling with spreadsheets and manual templates to conduct multiple assessments and assess growing privacy risk and compliance," said Chris Babel, CEO, TRUSTe.
Speaking in London ahead of TRUSTe's Data Privacy Summit, Chris Babel, CEO TRUSTe said:
Consumers know that when they see the TRUSTe seal, they can "Click with Confidence" because the certified website is responsible with their personal information.
As an Accountability Agent, TRUSTe plays a key role in continuing to support businesses in meeting global requirements for safe data transfer, while also ensuring that the customer's personal information is kept safe," said Chris Babel, CEO, TRUSTe.
With 15 years of privacy expertise TRUSTe is a leader in privacy research and education and committed to market education as a route to improve privacy practices across the online ecosystem.
The TRUSTe audit was a significant milestone for SAS.
16, 2015 /PRNewswire/ -- TRUSTe, the leading data privacy management company, is reinforcing its commitment to responsible data collection practices through its strong presence and support of Data Privacy Day-related events on January 28 #DPD15, including its first roundtable of the TRUSTe Privacy Insight Series on the state of privacy in 2015.
One month after launching TRUSTed Consent Manager to help businesses to address the EU Cookie Directive, global privacy management leader TRUSTe is introducing five new data privacy certification solutions to help UK businesses build trust and address the high level of concern expressed by consumers over privacy.
com), the first company to deliver a full suite of Web site personalization solutions that improve conversion and engagement activity, today announced a partnership with TRUSTe, the leading online privacy seal and trust assurance service, to test and prove the effectiveness of the TRUSTe seal on client Web sites.