trustee

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Related to trusteeship: Trusteeship Council

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 ?
If a trusteeship agreement, due to its wording, needs to be approved by the Security Council, the process of approving a trusteeship agreement over a strategic territory can come to a halt due to the veto power of the five permanent members.
Notwithstanding the various permutations of trusteeship proposed in recent scholarship, (9) the general debate over international governance of sovereign territory has largely focused on the risks of failing to employ trusteeship, but has neglected to weigh these against the potential risks inherent to trusteeship itself.
Any member of the firm considering a trusteeship should complete a client screening process, with second-partner review if possible.
The potential impact of the Trusteeship Agreement in changing the course of history of the Israeli-Palestinian conflict cannot be underestimated.
One of the most successful and most recent examples of UN political trusteeship is the UN Interim Administration Mission in Kosovo (UNMIK).
Dr Cirino Hiteng, one of the former political detainees who is also a signatory to the peace agreement, believes that it is only a UN Trusteeship that can rescue South Sudan from its current crisis, since experience has proved that Kiir and Machar cannot work together--yet there would be no peace without an all-inclusive government that also includes the former vice president.
Along with the establishment of the provisional government, the CPSU reaffirmed the enforcement of the trusteeship rule.
For example, the resolution criticized the media associated with Saleh and Ali Salem Al-Beidh, the former president of the South, because they speak of trusteeship and Chapter VII while interviewing people who have committed acts of sabotage on oil pipelines and electricity towers.
At a news conference held in Sana'a, the US diplomat said people should not consider the UNSC resolution puts Yemen under the international trusteeship, pointing out that it stemmed from the outputs of the comprehensive national dialogue conference.
Global Banking News-January 10, 2014--BoFA walks out of trusteeship of Permian Basin Royalty Trust
From in-depth definitions of torture, the United Nations Trusteeship Council, and international financial institutions to privacy rights and positive law, this includes cross-references, discussions of rights, legal entities, and more.
The irresponsibility of the bodies of trusteeship and guardianship breaks children's fate, Armenian ombudsman's