settlor
nounUS /ˈsɛt.lɚ/ · UK /ˈsɛt.lə/
Etymology From settle + -or.
1
A person who settles property on express trust for the benefit of beneficiaries.
- Once the trust deed is drawn up and the asset transferred to the trustee, the settlor no longer owns the asset; his personal creditors therefore cannot seize it to satisfy their claims. […]2020, Katharina Pistor, “2: Coding Land”, in The Code of Capital […] , Princeton University Press, →ISBN:
- Related terms
- beneficiary, trustee
- Hyponyms
- testator