executor or executrix

The person or institution that administers and disburses the assets of an estate. The executor is charged with various duties, including identifying assets, paying taxes, taking care of debts, and distributing the balance to appropriate individuals and organizations. Executor is masculine and executrix is feminine.

Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.

All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.