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.

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 ?
5) This management--the transitional administration of sovereign territories (6)--offers a critical lens through which to view the potential for and problems of trusteeship over failed and failing states.
When a CPA considers a trusteeship engagement, professional standards require that she have the requisite skills and knowledge to render the services competently.
The Trusteeship Agreement would have legally obliged United Nations member states to ensure the peaceful transition of the "British Mandate for Palestine"--which the British had announced they would terminate on 15 May 1948--into a newly created entity to be known as the "UN Trusteeship for Palestine" (hereinafter the Trusteeship).
Yet, in a haphazard way, a modern trusteeship model has emerged.
NEA may establish a trusteeship at the recommendation of two-thirds of the NEA Executive Committee (Bylaw 8-12.
But as noted earlier, in 1945 the League of Nations and its mandate system dissolved and the United Nations with its trusteeship system was formed.
After World War II, the Belgian government continued this old approach under the trusteeship system.
According to those activists, Jacobson's unwillingness to be identified with the larger teamster reform movement led him to move too slowly in organizing members into a political force capable of defeating the group that is aggressively campaigning for an end to the trusteeship.
Bain's short but insightful monograph contrasts the idea of trusteeship with liberty, both of individuals and of communities.
In Asia Pacific, Citibank provides five core securities products: custody (both subcustody and global custody), clearing, securities lending, depositary receipts, and trusteeships.
Her past affiliations include trusteeships with Radcliffe College and the Putnam Fund Groups, and directorships with Lotus Development Corp.
The Joint and Trust Disclosure By-law places the responsibility on depositors to ensure that proper information regarding the joint interests, trusteeships and interests of beneficiaries of deposits is accurately reflected on the records of the financial institutions holding their deposits," stated Mr.