trusteen.
/trʌˈstiː/, U.S. /ˌtrəˈsti/ 1.
a. Law. A person into whose possession assets, property, etc., are put, to be held or administered for the benefit of another.
ΘΚΠ
society > law > transfer of property > settlement of property > [noun] > putting property into trust > a trustee or body of trustees
fiduciary1631
trustee1636
trust1641
trust man1774
trust officer1836
1636 J. Hampden in J. G. Nichols & J. Bruce Wills Doctors' Commons (1863) 101 I doe hereby will and give power unto the sayd trustees, for the doeing thereof, to sell the premisses or any part thereof.
1686 tr. J. Chardin Trav. Persia 386 The fourscore Pounds have bin since converted to other uses, through the Covetousness of the Trustees.
1731 C. Coffey & J. Mottley Devil to Pay ii. i. 30 By this, thou gettest thy self made Executor and Trustee?
1782 J. Priestley Hist. Corruptions Christianity II. x. 243 A clergyman could not..be..trustee to a child.
1806 W. Cruise Digest Laws Eng. Real Prop. VI. 311 Sir R. Worsley, being seised in fee of the premises in question, devised them to trustees, upon trust that they should stand seised thereof to the use of his grandson.
1891 E. Peacock Narcissa Brendon I. 295 I am trustee for her property.
1939 Times 2 June 21/2 The large sinking fund..is not an enamouring feature for many trustees.
2011 N.Y. Times (National ed.) 6 Nov. (Business section) 10/1 (advt.) Circumstances may require the Trustee to..transfer your property to another broker.
b. A person who is entrusted with the care or preservation of an abstract entity or concept for the benefit of another person or (esp.) for the benefit of society or posterity.
ΘΚΠ
the world > action or operation > safety > protection or defence > preservation from injury or destruction > [noun] > one who preserves from injury or destruction > one held responsible for preservation
trustee1636
1636 R. Powell Depopulation 46 We are all but trustees of this worldly estate or earthly Talent.
1682 J. Dryden Medall Epist. Whigs sig. A3 You are not the Trustees of the publick Liberty.
1760 J. Cleland Romance of Day 81 The obligations he has to her for thus chusing him the sole trustee and guardian of her happiness.
1784 Parl. Reg. Ireland (ed. 2) I. 278 I am not the trustee of Great-Britain, I am the trustee of the law.
1847 R. Mushet Bk. Symbols (ed. 2) 185 He is but the trustee of God's goods, and must give an account to Him of their use.
1897 T. F. Bayard in Daily News 3 Mar. 10/4 The recognised trustees of the world's advancement and civilization.
a1933 J. A. Thomson Biol. for Everyman (1934) II. 1345 Man is a trustee of animal life.
1997 Imprimis Feb. 2/1 The College considers itself a trustee of modern man's intellectual and spiritual inheritance.
c. Any of a number of people appointed to manage or oversee the affairs of an institution. Also: a member of the governing body of a trust (trust n. 8a).
ΚΠ
1647 R. Ibbitson Charitable Constr. Designe Trustees Sadlers-Hall 6 The Trustees of Sadlers Hall, were Legally called to bee Trustees by many subscribers.
a1684 J. Evelyn Diary anno 1682 (1955) IV. 290 The Council this day had recomended to them the being Trustèes & Visiters or Supervisers of the Academie.
1703 J. Gordon Diary 7 May (1949) 122 I appeared befor the Trustees of the society of assurance for widdowes & orphans.
1756 Gentleman's Mag. Dec. 658/2 The trustees of the Foundling Hospital were ordered to lay before the house an account how the money..had been expended.
1837 J. R. McCulloch Statist. Acct. Brit. Empire II. iii. v. 180 The administration of all matters relating to the roads is vested in trustees.
1858 N.Y. Times 30 June 8/2 The post-graduate or university course which the trustees of the College have voted to establish.
1902 Fabian News 12 38/2 Any attempt of a trustee of a corporation or trust to make a secret profit out of his position..should be punished.
2010 Daily Tel. 20 Apr. 29/7 She became a trustee of the British Museum, taking a particular interest in the Romano-British department and its staff.
d. Law (originally U.S.). A person who has the property of a debtor in his or her possession, and from whom that property may be attached or legally seized in a trustee process (see trustee process n. at Compounds).
ΘΚΠ
society > law > administration of justice > general proceedings > legal seizure or recovery of property > [noun] > seizing lands or goods > attachment of person or property for debt > trustee or receiver
trustee1708
receiver1768
receiptor1819
possession man1851
man in possession1876
1708 Mass. Province Acts & Resolves I. 630 Such attourny, factor agent or trustee..shall be admitted to defend the suit on behalf of his principal.
1745 Acts Gen. Assembly S.-Carolina 10 The said Trustee or Trustees, after having sold the said Petitioner's Lands and Effects, and collected in the several Debts due to him.
1794 in Princ. Laws Commonw. Mass. (1799) II. 288 The goods, effects and credits of the Principal, in the hands and possession of his Trustee or Trustees,..shall stand bound and be held to satisfy such judgment as the Plaintiff shall recover against the Principal.
1811 W. C. White Compend. & Digest Laws Mass. IV. cxlviii. 1268 A creditor may attach any property or credits of his debtor in the hands of a third person. This third person is called in the English law, the garnishee: in our law he is called the trustee.
1884 Law Times 13 Dec. 119/1 The debtor liquidated and a trustee was appointed.
1915 G. Glenn Rights & Remedies Creditors xviii. 302 There is no way to disturb the debtor's enjoyment of his assets until the appointment of a trustee.
1998 J. Kilpi Ethics of Bankruptcy xii. 151 She should list them as her property when she files for bankruptcy and hands her assets to the trustee.
2. A person who is trusted, or to whom a particular role or task is entrusted; a person in whom confidence is placed.
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the mind > emotion > love > friendliness > [noun] > friend > confidant
privya1325
secretarya1387
counsel-keeper1600
confident1619
secretara1628
trustee1641
troutc1661
confidante1709
confidant1741
1641 Earl of Monmouth tr. G. F. Biondi Hist. Civil Warres Eng. I. i. 41 The Trustees [It. Procuratori] discharged their trust unto the Parliament, which accepted the resignation.
1671 R. McWard True Non-conformist iii. 132 Suppose..the exact fidelity of the one trustie, to be notourly known.
1737 S. Whatley tr. K. L. von Pöllnitz Mem. II. xli. 229 Now it may be literally said, that the Cardinal de Fleury is the Depositary, or Trustee, of the Royal Authority.
1824 J. Bentham & P. Bingham Bk. Fallacies i. vi. 125 In every public trust, the legislator should..suppose the trustee disposed to break the trust in every imaginable way in which it would be possible for him to reap..any personal advantage.
1899 Irish World & Amer. Industr. Liberator 21 Jan. 8/2 Yes, I admit I am exacting when it is a case of ‘earnest well wishers’ and trusted trustees.
1910 Protectionist Dec. 405/2 What an untrustworthy trustee is your ‘Uncle Sam’! He seems to have no sense of justice whatever—and no patriotism!
2009 D. Gambetta Codes of Underworld iii. 75 There are trustees of two types, those who keep their promises and those who do not.
3. U.S. A prison inmate to whom special privileges or responsibilities are granted for good conduct. Cf. trusty n. 1b.
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society > authority > punishment > imprisonment > prisoner > [noun] > privileged or having responsibilities
free-warder1595
ruler1733
wardsman1789
runner1830
trusty1849
tea man1877
red band1923
trustee1933
passman1965
1933 Washington Post 3 May 4/4 Two prison trustees..who escaped from State Prison at Jackson, Mich., last Saturday night in an automobile stolen from the warden's garage, were arrested here early today.
1951 J. Jones From Here to Eternity xxxvi. 524 The trustee took Prew's two fatigue jackets and exchanged them for two others.
1970 J. V. Bennett I chose Prison ii. 26 They might be able to procure better-fitting shirts, for example, by bribing guards or trustees in the clothing office.
1979 N. Mailer Executioner's Song (1980) ii. ii. 523 A trustee standing..was selling convict-made tooled leather belts to a group of tourists.
1986 Los Angeles Times 28 June 24/2 The violence resulted in the deaths of three guards, two inmate-trustees and Jackson.
2003 Y. B. Moore Triple Take i. 9 Dressing in some clothes one of the trustees over at the property office had stolen from one of the newer inmates.
4. A state appointed by the United Nations to administer a territory which is not self-governing, esp. (in early use) a Trust Territory; cf. Trust Territory n. at trust n. Compounds 3.
ΚΠ
1945 Washington Post 21 Feb. 8/2 A definite stand in favor of an international trusteeship [for] the Pacific Islands with the United States as Trustee, was taken.
1955 Manch. Guardian 1 Nov. 6/3 Britain would be put in a most invidious position in acting as a trustee for a territory already so closely linked with it.
1963 Washington Post 15 Dec. b1/1 History will be made if the people in the Trust Territories..vote to come under the wing of the United States, their trustee.
1998 A. Sela in M. J. Cohen & M. Kolinsky Demise Brit. Empire in Middle East xii. 234 There was a danger that the Arab states might appeal to the United Nations to undertake the role of trustee of Palestine.
2008 R. Caplan in V. Lowe et al. United Nations Security Council & War xxv. 565 Trust territories differ from non-self-governing territories insofar as the former are administered under the supervision of the UN Trusteeship System.
Compounds
trustee bank n. British a bank offering savings facilities for small investors and managed by unpaid trustees; (also in later use) a bank in which trust money is deposited.The first trustee savings bank was established by Reverend Henry Duncan in 1810 to benefit the poorer members of his local community. Between 1970 and 1985 all trustee savings banks were amalgamated into the TSB Group plc, which merged with Lloyds Bank in 1995, and divided from it again in 2013.
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society > trade and finance > financial dealings > banking > [noun] > bank > savings bank
saving bank1808
savings bank1813
saving institution1816
savings institution1819
trustee bank1841
penny bank1849
post-office savings-bank1861
1841 (title) A constitution for a safe and permanent trustee bank not subject to bankruptcy.
1898 Westm. Gaz. 9 Nov. 10/1 At that time [1861] there were 638 trustee banks in existence.
2009 Bond Buyer (Nexis) 30 Nov. 1 The bonds offer a pledged income tax revenue stream that is deposited directly with a trustee bank.
trustee banker n. a banker appointed to act as the trustee of assets deposited in a bank.
ΚΠ
1903 Westm. Gaz. 11 Mar. 5/1 As for the great trustee bankers, they are not in the least affected.
1912 Notes Dakota Rep. 773 Commercial loans outstanding at the time a trustee banker becomes insolvent are presumed to have been made from the moneys of the trustee.
2010 S. Mallaby More Money than God i. 38 The financial culture changed: The trustee bankers were eclipsed by go-go types for whom the crash was ancient history.
trustee investment n. an investment of trust money by a trustee or trustees; stock, bonds, etc., in which trust money may legally be invested.
ΚΠ
1851 A. V. Parsons Select Cases Equity I. 28 There have been happy periods in our history in which national or state securities did not exist; and, consequently, trustee investments could not have been made in them.
1895 Daily News 30 Dec. 2/2 ‘A gilt-edge security’ or ‘quite a trustee investment’.
2009 Sunday Tel. (Nexis) 15 Nov. (Money & Jobs section) 11 Offshore life insurance bonds look more tax attractive as trustee investments.
trustee investor n. a trustee responsible for investing trust money.
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1878 Fortn. Rev. Dec. 900 The terror which the Glasgow Bank failure has impressed upon the large class of trustee investors in Scotch bank stock.
1906 Westm. Gaz. 17 Sept. 3/2 Neither of these advantages affects the private or trustee investor.
2004 Real Prop., Probate & Trust Jrnl. 39 448 We lived in a world..where ‘for God's sake, don't speculate’ might have been the executive summary for trustee investors.
trustee meeting n. a meeting of trustees (sense 1c).
ΚΠ
1777 J. Hampson Case Stated 10 This business of a trustee meeting, at the hour we were met here to worship God, being rather unpopular.
1820 W. Scott Monastery I. Introd. Ep. 6 The laird..had to attend trustee-meetings, and lieutenancy-meetings,..and what not.
2009 G. A. Wills Southern Baptist Theol. Seminary ix. 392 In the days following the March trustee meeting, the dissenters were disconsolate.
trustee process n. U.S. Law a judicial process by which the property (but not the real estate) of a debtor may be attached or legally seized while in the possession of a third person or trustee, for the benefit of the creditor.In British law called foreign attachment (see foreign attachment n. at foreign adj., n.2, and adv. Compounds 2).
ΚΠ
1797 B. Whitman Index Laws Mass. 107 Service, of a Trustee Process, Mode of, &c.
1880 H. M. Spalding Encycl. Law & Forms (1882) 646/1 Garnishee or Trustee Process effects a discovery of goods, debts, effects, &c., &c., in the hands of outside or third parties.
2005 Monthly Labor Rev. 128 21/1 Payroll accounts and the information contained therein are now exempt from the trustee process.
trustee security n. a security in which trust money may legally be invested.
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society > trade and finance > stocks and shares > stocks, shares, or bonds > [noun] > types of
redeemables1720
government bond1737
corporate bond1810
trustee security1859
international1863
foreigners1883
most active list1885
gilt-edge1900
actual1908
heavies1922
toxic waste1922
gilt-edged1930
prior charge1930
short1932
gilt1936
performer1939
tap1948
energy security1960
fallen angel1963
medium1968
physicals1974
underperformer1975
taplet1982
1859 Daily Morning News (Savannah, Georgia) 12 Nov. 1/3 Putting Trustee securities on the same footing with securities on Guardians and Administrator's bonds.
1898 Westm. Gaz. 18 Nov. 8/1 The new capital required will be raised jointly..and will be a trustee security.
2006 J. F. Houston Featherbedds & Flock Bedds (rev. ed.) iii. 124 The proceeds of the sale of the Coleman Street property..were invested in trustee securities.
trustee stock n. stock in which trust money may legally be invested.
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society > trade and finance > stocks and shares > stocks, shares, or bonds > [noun] > stock > bought, sold, or dealt on particular terms
bear1709
bull1714
bearskin1719
trust stock1733
preference stock1845
preferred stock1848
trustee stock1855
short1868
privileged stock1875
future1880
junior stock1914
curb-stocks1915
long1930
junk bond1974
1855 Morning Post 16 Mar. 7/2 He held £3,000 stock, besides some trustee stock.
1901 Westm. Gaz. 29 Aug. 7/1 The failure of the issue..to be classed as a Trustee stock.
1999 Straits Times (Singapore) (Nexis) 23 Sept. 62 The new rules do not imply that all shares are equally safe or attractive investments, any more than the old rules meant that trustee stocks were entirely risk-free.
Derivatives
trusˈteeism n. chiefly U.S. a system of appointing lay members of a congregation as administrators or trustees of their parish.This system is particularly associated with the Roman Catholic Church.
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society > faith > worship > benefice > advowson > [noun] > vesting patronage in trustees
trusteeism1794
1794 J. Crowther Truth & Matter of Fact (ed. 3) 9 They cannot feed the souls of the people, or get congregations by mere Trusteeism.
1889 Tablet 30 Nov. 878 A system of lay trusteeism.
2014 S. Dwyer-McNulty Common Threads i. 21 With the dearth of priests in the United States and the far-flung settlements of Catholics, trusteeism flourished.
This entry has been updated (OED Third Edition, December 2015; most recently modified version published online June 2022).
trusteev.
/trʌˈstiː/, U.S. /ˌtrəˈsti/ 1.
a. transitive. To put (assets, property, etc.) into the possession of a trustee or trustees. Formerly also: to secure a trustee or trustees for (a person).
ΘΚΠ
society > law > transfer of property > settlement of property > settle (property) [verb (transitive)] > put property in trust
to feoff (one person) to the use of1491
to put (out) to nurse1593
to make over1650
trustee1818
1818 Blackwood's Edinb. Mag. 3 518 In my younger days, country gentlemen..made a shift to continue in the management of their own affairs..; but now the prevailing fashion, or rather passion is to get Trusteed with all possible expedition.
1871 J. W. De Forest Overland xxxv. 169 She wished to make over half her property to the old man, trusteeing it so that it should descend to his nephew.
1926 Rotarian Mar. 42/2 Someone has bought..stock of that estimable Ford enterprise, has ‘trusteed’ that stock and issued his so-called bankers' shares.
1956 Monthly Labor Rev. Feb. 212/2 Funds financed by employers must, under the Taft-Hartley Act, be jointly trusteed.
2006 S. Suzuki Japanese Main Bank Syst. iii. 203 Sakura (Mitsui), Fuji, and Sanwa Banks do not trustee convertible bonds from their main bank firms.
b. intransitive. To act as a trustee. Somewhat rare.
ΘΚΠ
society > law > transfer of property > settlement of property > settle property [verb (intransitive)] > act as a trustee
trustee1840
1840 Boston Courier 20 Aug. He..has always..paid over to the person trusteeing, the wages pro rata.
1907 Everybody's Mag. Sept. 392/1 I trusteed here and trusteed there—a director forty-eight times.
1991 Princeton Alumni Weekly 20 Nov. 27/2 The fellow..is none other than Tom Langfitt, chief pooh-bah at the Glenmede Trust and Pew Foundations, while not trusteeing.
2. U.S.† b. transitive. Perhaps: to involve (a trustee) in a trustee process. See trustee process n. at trustee n. Compounds. Obsolete. rare.Only found in Howells' Woman's Reason.
a. transitive. To instigate a trustee process against (a debtor). Also: to attach or legally seize (the property of a debtor) while it is in the possession of a trustee. See trustee process n. at trustee n. Compounds.
ΘΚΠ
society > law > administration of justice > general proceedings > legal seizure or recovery of property > [verb (transitive)] > seize for debt > attach in hands of third person
trustee1838
1838 Law Reporter Nov. 210/1 They will trustee clergymen, deacons and others without the least cause or reason whatever.
1890 in Ten No-license Years in Cambr. (1898) 140 Nor are there so many collectors after delinquent debtors, and rarely is it the case that a man is trusteed.
1895 E. J. Haynes Farm-house Cobweb viii. 121 Yer crop money in th' bank I trusteed.
1925 Jrnl. Amer. Inst. Criminal Law & Criminol. 16 136 She was..placed in a wage-earning situation, her wages trusteed and used toward restitution.
1958 Amer. Bar Assoc. Jrnl. Apr. 360/1 The Cromwell plan for trusteeing assets and claims against a debtor with a view to an amicable adjustment.
2000 S. Deutsch Women & City iv. 125 Two other employees collected from Baldwin only by trusteeing her bank account.
ΘΚΠ
society > law > administration of justice > general proceedings > legal seizure or recovery of property > [verb (transitive)] > seize for debt > attach in hands of third person > appoint person as trustee
trustee1882
1882 W. D. Howells Woman's Reason ix. 164 You don't say you never was trusteed before?
1882 W. D. Howells Woman's Reason ix. 165 I presume they'll be trusteein' all of you. I shall have to pay it now.
Derivatives
trusˈteed n. and adj. (a) n. (with the) a person whose income derives from assets, property, etc., in the possession of a trustee or trustees (obsolete); (b) adj. that is in the possession of a trustee or trustee.
ΘΚΠ
society > law > transfer of property > settlement of property > [adjective] > held in trust > appointed as trustee
trusteed1818
1818 Blackwood's Edinb. Mag. 3 518 The trusteed..secures all the pleasure, as well as the profit,..entirely to himself.
1875 J. W. De Forest Playing the Mischief xxxviii. 134 We talked a while ago of giving the girl something to make her drop this claim... We might make it an income on trusteed property, the income to cease if she returns here, or if she pushes her claim.
1926 Rotarian Mar. 42/2 Someone..has..issued his so-called bankers' shares or units against the ‘trusteed’ stock.
2002 Tax Lawyer 55 1226 A foreign insurance company's trusteed and nontrusteed assets..should be federally taxable.
trusˈteeing n.
ΘΚΠ
society > law > administration of justice > general proceedings > legal seizure or recovery of property > [noun] > seizing lands or goods > attachment of person or property for debt > trustee or receiver > appointment of
trusteeing1830
1830 Vermont Watchman & Star Gaz. 23 Nov. Gentlemen tell us this can be avoided by resigning their demands to their creditors, and thus save the expense of trusteeing.
1909 Blackwood's Mag. Sept. 413/2 Trusteeing is an unprofitable business.
2002 Globe & Mail (Toronto) (Nexis) 31 Aug. a15 There's no training to be a trustee... No masters of trusteeing, no doctorates in trusteeship.
This entry has been updated (OED Third Edition, December 2015; most recently modified version published online March 2022).
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n.1636
v.1818