An individual or organization which holds or manages and invests assets for the benefit of another. The trustee is legally obliged to make all trust-related decisions with the beneficiary's interests in mind, and may be liable for damages in the event of not doing so. Trustees may be entitled to a payment for their services, if specified in the trust deed. In the specific case of the bond market, a trustee administers a bond issue for a borrower, and ensures that the issuer meets all the terms and conditions associated with the borrowing.
Related information about trustee:
- Trustee - Wikipedia, the free encyclopedia
Trustee (or the holding of a Trusteeship) is a legal term which, in its broadest sense, can refer to any person who holds property, authority, or a position of trust or ...
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Definition of trustee: An individual or organization which holds or manages and invests assets for the benefit of another. The trustee is legally obliged to make all ...
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- USDOJ: U.S. Trustee Program
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- trustee - Wiktionary
To commit (property) to the care of a trustee; as, to trustee an estate. To attach (a debtor's wages, credits, or property in the hands of a third person) in the interest ...
- Trustee - Merriam-Webster Online
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