trustee
Definition
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 trustee'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.
 Cite this definition
Related Terms
beneficiary, Board of Trustees, corporate fiduciary, deed of trust, direct rollover, guardian, conservator, administrator, representative, discretionary trust, nondiscretionary trust, bankrupt
Related Research Articles from the InvestorGuide.com University
Audits and Fraud
Learn everything you need to know about correspondence audits, office audits, and field audits. Also describes tax shelters, and how to avoid abusive and illegal ones.
Credit Regulations
Information is being collected about your credit behavior and used by others to rate you. Learn what your rights are when it comes to credit laws. Understand the Fair Credit Reporting Act (FCRA), the Equal Credit Opportunity Act (ECOA), and the Fair Debt Collection Practices Act (FDCPA), and how they protect you.
Estate Planning
Provides a guide to the estate planning process. Includes information on wills, living trusts, irrevocable trusts, and future healthcare decisions.
Featured Sponsor
Start earning $200 to $900 a day working at home. No experience necessary. Money-back guarantee.
|
