trustee
verbEtymology From trust + -ee.
1
To commit (property) to the care of a trustee.
- to trustee an estate
2
To attach (a debtor's wages, credits, or property in the hands of a third person) in the interest of the creditor.
trustee
noun/tɹʌsˈtiː/
Etymology From trust + -ee.
1
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.
- 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.2020, Katharina Pistor, “2: Coding Land”, in The Code of Capital […] , Princeton University Press, →ISBN:
2
A person in whose hands the effects of another are attached in a trustee process.
- Derived terms
- board of trustees, cotrustee, estate trustee, executorial trustee, nontrustee, public trustee, trustee de son tort, trusteeism, trusteeship, trustee stock
- Related terms
- beneficiary, settlor