trustee

(redirected from trusteeships)
Also found in: Dictionary, Thesaurus, Medical, Legal, Encyclopedia.

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 ?
The principle of sovereignty remained a core concern in the design of the trusteeship system.
For example, some leaders have argued that sovereignty would have to be diminished before the state "would permit the imposition of trusteeship.
trusteeship or some variant thereof as a remedy for failed states.
Explicitly mandated international trusteeship over failing states is unrealistic insofar as it directly violates the provisions of Article 78 of the U.
But in the long-term, untrammeled authority creep risks aggravating political actors in host countries (thus risking non-compliance), and eroding political support for trusteeship among both potential client and donor states alike.
facilitated power-sharing is impossible, overt trusteeship may indeed prove effective and carry relatively few long-term risks.
Submits Its Trusteeship Proposal to the UN Security Council--19 March 1948
recommended to the Security Council that the General Assembly be asked to institute a provisional Trusteeship for the whole territory of mandate Palestine, under which the two communities would live together under a single "Government of Palestine" until a mutually satisfactory final agreement could be achieved.
circulated a summary of the main principles of the proposed Trusteeship Agreement to other members of the Security Council.
The Jewish Agency and Zionist Circles React with Alarm to Trusteeship
The Jewish Agency reacted with extreme alarm to the Trusteeship proposal.
As the State Department saw it, since partition was legally and pragmatically not possible, Trusteeship was a viable alternative that could buy time until a peaceful settlement of the conflict could be achieved.