trustee

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trustee

Wikipedia

trust +‎ -ee

• IPA^(key): /tɹʌsˈtiː/

• Audio (US):

  (file)

• Rhymes: -iː

trustee (plural trustees)

1. (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.
   • 2020, Katharina Pistor, “2: Coding Land”, in The Code of Capital […] , Princeton University Press, →ISBN:

     The trust property is now managed by a trustee who holds formal title to the asset; the trustee can sell it, but only for the benefit of the beneficiary, and he must replace it with like assets.

2. A person in whose hands the effects of another are attached in a trustee process.

• beneficiary
• settlor

trustee (third-person singular simple present trustees, present participle trusteeing, simple past and past participle trusteed)

1. (transitive) To commit (property) to the care of a trustee.

   to trustee an estate

2. (transitive) To attach (a debtor's wages, credits, or property in the hands of a third person) in the interest of the creditor.

• Surette