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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.
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.

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.

Dictionary of Financial Terms. Copyright © 2008 Lightbulb Press, Inc. All Rights Reserved.

trustee

see TRUST.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson

trustee

see TRUST.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
References in periodicals archive ?
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.
TRUSTe is the leading global privacy management solutions provider and offers a broad suite of solutions that enable multinational companies to safely and efficiently handle the customer data powering their online businesses - including advertising, cloud services, mobile applications, and websites.
Fran speaks and writes widely on issues of online privacy, security, and trust and frequently represents TRUSTe in front of domestic and foreign regulatory audiences, including the Federal Trade Commission, Congressional committees, and foreign data protection commissioners.
TRUSTe's TRUSTed Ads platform is endorsed by the Digital Advertising Alliance and is an intuitive and comprehensive OBA self-regulatory privacy platform that features the "Advertising Option Icon" on in-ad placements.
"We welcome this certification from TRUSTe, a true innovator in the areas of online privacy, safety and security," adds Jason.
The company stated that it is the first data platform to be TRUSTe certified under the new third-party data collection program, demonstrating that its internal privacy controls are fully compliant with TRUSTe's standards of transparency, choice and accountability.
The new system, which rivals that established by fellow non- profit privacy maven Truste, will be launched for real in the first quarter of next year, probably in early March.
Following on from our story last week about the plans for Truste to set itself up in Europe, a member of the task force coordinating the effort got back to us to fill in a few of the details (11/02/98).
The main two initiatives are Truste and the Better Business Bureau Online, which we detailed extensively last week.
With Truste, the web-based online privacy initiative up and running and with just over 300 members, we wondered what had happened to its rival, the Better Business Bureau Online, which is attempting to do much the same thing.
With the European data directive in place that looks like shaking up US attitudes to online privacy, the most visible example of what the US internet industry is trying to do in terms of self- regulation - the non-profit group Truste - is still awaiting its first test case to prove that it has some teeth to back up the rhetoric.