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
Fraud and Dispute Resolution
Find out about the different types of investment fraud and how to prevent it from happening. Learn how to deal with responding to fraud and dispute resolution if it does happen to you.
Credit Fraud
Credit fraud is an increasingly serious problem, growing almost threefold in the past five years. Are you protected and do you know what to do if this happens to you? This article includes steps to prevent credit fraud, and how to deal with it if it does occur.
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.
|
