Trustee

/trʌsˈti/

Meaning & Definition

noun

A person or organization that holds or manages property or assets for the benefit of another party.

The trustee is responsible for managing the estate until it is distributed to the heirs.

A member of a board that oversees the operation of an institution, such as a school or charity.

She was appointed as a trustee of the local library, where she helps make decisions regarding funding and resources.

A person appointed to administer the affairs of someone who is unable to do so due to illness or incapacity.

After the accident, he was named as the trustee for his brother, who was in a coma.

Middle English: from Old French trustier, based on Latin trustis 'trust'.

trustee in bankruptcy

A trustee appointed to manage the bankruptcy process and oversee the debtor’s estate.

board of trustees

A group of individuals responsible for overseeing the activities of an organization.

trustee company

A corporation that acts as a trustee for various business and financial matters.

trust

A legal arrangement in which one party holds property for the benefit of another.

beneficiary

A person or group entitled to receive benefits from a trust.

A cool person who manages finances well.

He's the trustee of our group's budget; we trust him with all the funds.

Someone who is overly cautious or serious about managing resources.

Don't be such a trustee; we can take a few risks with this money.