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
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Each trustee has a strong knowledge of municipal government and how the property tax system works.
1037 (2018), in which the trustee, Ara Eresian, initially had petitioned the single justice of the SJC to exercise its general superintendence powers and resolve the question.
He serves on the Organization, Bylaws and Nomination Committee where he helped draft and approve the CCM Statement of Trustee Responsibility and helped to develop the trustee self-evaluation tool.
The trustees maintain that they have standing to sue South Anna and Tumlin by virtue of the "unconditional" assignment of the claim of a creditor, M&T Bank.
In this case, plaintiffs argued that it was not prudent for BNY Mellon to reallocate $15 million from one cash account to another, an investment decision that made no sense in the context of the plan and the direction given: “No prudent trustee could have thought Wellspan wanted to pointlessly transfer millions of dollars from account to account only to end up in the very same money market fund.”
While passion is a must, trustees need to be able to bring more to the table.
The report says that when a staff member complained about the conduct of the chief executive, he did not follow the charity's policy that any complaint against the chief executive should be immediately referred to trustees for consideration.
The obvious question then: How are trustees to provide proof that their decisions, at the time they were made, were made in good faith and in their best judgment?
"Implementing Governance for a New Era" is an action plan to assist college and university trustees in reforming higher education.
We expect the trustee panel to increase the profitability of the companies and improve economic standards [for employees]," said Davut SuE-ehirli, an executive at the Confederation of Action Workers' Unions.
the trustees of the medicare trust funds say the financial projections in their latest annual report are probably unrealistic.