A trustee is someone with legal control of money or property that is kept or invested for another person, company, or organization.
Synonyms: administrator, agent, keeper, custodian More Synonyms of trustee
trustee in British English
(trʌˈstiː)
noun
1.
a person to whom the legal title to property is entrusted to hold or use for another's benefit
2.
a member of a board that manages the affairs and administers the funds of an institution or organization
trustee in American English
(trʌsˈti)
noun
1.
a person to whom another's property or the management of another's property is entrusted
2.
a nation under whose authority a trust territory is placed
3.
any of a group or board of persons appointed to manage the affairs of an institution or organization
4. US
in some U.S. states, a person in whose hands the property of a debtor is attached by means of garnishment; garnishee
verb transitiveWord forms: trustˈeed or trustˈeeing
5.
to commit (property or management) to a trustee or trustees
6. US
to attach by means of garnishment
trustee in Insurance
(trʌsti)
Word forms: (regular plural) trustees
noun
(Insurance: Life insurance, Pensions)
A trustee is a person who has control of money or property that is in a trust for someone else.
Either on the death of the life assured or on maturity of the policy, the insurancecompany will have to make the payment to the trustees appointed.
The trustee has legal ownership of the trust property, and is required by law to manage and distributeit in accordance with the instructions specified in the trust agreement.
A trustee is a person who has control of money or property that is in a trust for someone else.
trust
Word builder-eeThe suffix -ee is added to verbs to form nouns meaning people who are doing a particular thing orare in a particular state.
Examples of 'trustee' in a sentence
trustee
The chairman of trustees was supportive of the proposal.
Times, Sunday Times (2016)
The board of trustees approached him and asked where it had gone.
The Sun (2016)
He is on a board of trustees that hires the palace out to help with running and repair costs.
The Sun (2016)
I've spoken to thousands of company chairmen and chief executives over the course of a career, but barely a single trustee chairman.
Times, Sunday Times (2016)
The donor appoints trustees who can decide when the assets are distributed to the beneficiaries.
Times, Sunday Times (2013)
Trustees need to hold their managers accountable for poorly performing investments.
Times, Sunday Times (2009)
Parents can appoint themselves as trustees for extra peace of mind.
Times, Sunday Times (2008)
It therefore makes sense to appoint an independent trustee.
Times, Sunday Times (2007)
The land is conveyed to trustees who will hold the property for the minor until a certain age.
Times, Sunday Times (2016)
You have to be absolutely certain that not only the head of the organisation but the board of trustees areunimpeachable.
Times, Sunday Times (2016)
While this takes place, trustees remain in control of the scheme and payments.
Times, Sunday Times (2008)
After retirement he was chairman of the trustees supervising the definitive edition of the music of Berlioz.
Times, Sunday Times (2013)
People become charity trustees for myriad reasons, often wanting to give something back to society.
Times, Sunday Times (2015)
In other cases, the request comes from a bankruptcy trustee.
Christianity Today (2000)
As its name suggests, a discretionary will trust gives the trustees complete control over when the beneficiaries inherit.
Times, Sunday Times (2008)
This was a very generous offer but when offered such a gift, our board of trustees considers it against strict acquisition criteria.
Times, Sunday Times (2014)
She was an appeal trustee and member of the art and architecture committee of Westminster Cathedral.
Times, Sunday Times (2010)
He said: 'We would recommend that charity boards and trustees are transparent.
Times, Sunday Times (2015)
After a meeting with trustees, the company said that it was not expecting any increase in fund contributions in the coming years..
Times, Sunday Times (2008)
To ensure that the bank's loan book is removed from the national balance sheet, the golden share will be controlled by independent trustees.
Times, Sunday Times (2016)
In other languages
trustee
British English: trustee NOUN
A trustee is someone with legal control of money or property that is kept or invested for another person, company, or organization.
The trustees of your pension fund decide which fund manager will invest some or all of your future income.
American English: trustee
Brazilian Portuguese: fideicomissário
Chinese: 受托人
European Spanish: fideicomisario
French: fidéicommissaire
German: Treuhänder
Italian: amministratore fiduciario
Japanese: 受託者
Korean: 신탁 관리자
European Portuguese: fideicomissário
Latin American Spanish: fideicomisario
All related terms of 'trustee'
trustee account
a savings account deposited in the name of a trustee who controls it during his or her lifetime , after which the balance is payable to a prenominated beneficiary
pensioneer trustee
(in Britain) a person authorized by HMRC to oversee the management of a pension fund
trustee investment
an investment in which trustees are authorized to invest money belonging to a trust fund
trustee in bankruptcy
a person entrusted with the administration of a bankrupt's affairs and with realizing his or her assets for the benefit of the creditors
Trustee Savings Bank
a British financial institution which offered savings facilities for small investors and was managed by unpaid trustees . Depositors had no voting rights and no say in financial or managerial matters. The bank is now a public limited company with the same rights and services as other banks and only retains the title in the abbreviated form TSB.
trust account
a savings account deposited in the name of a trustee who controls it during his or her lifetime , after which the balance is payable to a prenominated beneficiary
(noun)
Definition
a person who administers property on someone else's behalf
Astonishingly, the trustees don't know where the money is either.
Synonyms
administrator
He worked for 34 years as an administrator with the company.
agent
You are buying direct, rather than through an agent.
keeper
the keeper of the library at the V&A
custodian
the custodian of the holy shrine in Mecca
executor
fiduciary (law)
depository
executrix
steward
a steward to manage the place
Additional synonyms
in the sense of agent
Definition
a person who arranges business for other people, esp. for actors or singers
You are buying direct, rather than through an agent.
Synonyms
representative,
deputy,
substitute,
advocate,
rep (informal),
broker,
delegate,
factor (Scottish),
negotiator,
envoy,
trustee,
proxy,
surrogate,
go-between,
emissary
in the sense of custodian
Definition
the person in charge of a public building
the custodian of the holy shrine in Mecca
Synonyms
keeper,
guardian,
superintendent (US),
warden,
caretaker,
curator,
protector,
warder,
watchman,
overseer,
watchdog
in the sense of keeper
Definition
a person in charge of a museum, collection, or section of a museum