trustee
IPA: trʌstˈi
noun
- (trust law) A person to whom property is legally committed in trust, to be applied either for the benefit of specified individuals (beneficiaries), or for public uses; one who is intrusted with property for the benefit of another.
- A person in whose hands the effects of another are attached in a trustee process.
verb
- (transitive) To commit (property) to the care of a trustee.
- (transitive) To attach (a debtor's wages, credits, or property in the hands of a third person) in the interest of the creditor.
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Examples of "trustee" in Sentences
- The Karmapa was the sole trustee.
- He was the president of the college trustees.
- Coy Booth was also a trustee of the seminary.
- The Trustee is in control and operating the property.
- He is a trustee and not the beneficiary of the trusts.
- The Executive Committee are the trustees of the union.
- The offer was refused by the trustee of the Opera House.
- The managing trustee of this fund is the Secretary of the Treasury.
- The trustees deliberately kept the structure austere to save money.
- The officers of the Board of Trustees are the chairman and the secretary.
- In Mexico, the trustee is always a financial institution, and it holds title to the property.
- BNY Mellon, the bond trustee, is charged with administering the securitizations, or bond trusts, for the benefit of investors.
- I remember talking to a trustee from the University of Zurich who suggested that they put more of the endowment in real estate.
- The virtue of the sole trustee is that you have one person accountable and with an incontrovertible mandate to protect the pension fund against raids.
- In a New Orleans federal bankruptcy court, a trustee is investigating how Lender Processing and the Boles Law Firm of Monroe, La., failed to credit a borrower's loan payments during efforts to lift a foreclosure stay on behalf of a lender.
- But some interviewed expressed concern that a younger patron may lack familiarity with an organization's priorities, which could turn problematic given that a trustee is often vested with executive-hiring approval, financial responsibilities and, in the case of museums, the acquisition of artwork.