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Topical Terminology > Trustee



29 Definitions

Trustee

For Trustee we have terms and definitions in 29 topics. The topics are Accounting, Accounting Terms, Auto Loan, Bonds, Charitable Donation, Charitable Donations, Debt Consolidation, Employee Benefits, Foreclosure, Frauds and Scams, Genealogy, Grantmaking, Home Equity, Insolvency, International Business, Law, Legal, Mortgage, Non-Profit Governance, Non-Profit Leadership, Offshore Trading, Personal Injury Law, Philanthropy, Politics, Purchasing A Home, Real Estate, Real Estate Appraisal, Refinance and Tax.



Trustee (Accounting)

Person who is given legal title to, and management authority over, the property placed in a trust.


Trustee (Accounting Terms)

Person who is given legal title to, and management authority over, the property placed in a trust.


Trustee (Auto Loan)

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Trustee (Bonds)

A bank designated by the issuer as the custodian of funds and official representative of bondholders. Trustees are appointed to insure compliance with the contract and represent bondholders to enforce their contract with the issuers.


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Trustee (Charitable Donation)

The person or institution named by a person making the trust, or appointed by the court, to carry out the terms of the trust. Assuming a trust has been set up through a will, when the executor’s job is finished, the trustee’s job begins.


Trustee (Charitable Donations)

The individual or institution entrusted with the duty of managing property placed in the trust. A "co-trustee" serves as trustee with another. A "contingent trustee" becomes trustee upon the occurrence of a specified future event.


Trustee (Debt Consolidation)

A party who is given legal responsibility to hold property in the best interest of or "for the benefit of" another. The trustee is one placed in a position of responsibility for another, a responsibility enforceable in a court of law.


Trustee (Employee Benefits)

The person or company appointed to administer a trust fund.


Trustee (Foreclosure)

A neutral party who advertises the foreclosure property for sale and conducts the auction to sell said property to the highest bidder.


Trustee (Frauds and Scams)

A person totally independent of the settlor who has the fiduciary responsibility to the beneficiaries to manage the assets of the trust as a reasonable prudent business person would do in the same circumstances. Shall defer to the trust protector when required in the best interest of the trust. The trustee reporting requirements shall be defined at the onset and should include how often, to whom, how to respond to instructions or inquiries, global investment strategies, fees (flat and/or percentage of the valuation of the trust estate), anticipated future increases in fees, hourly rates for consulting services, seminars and client educational materials, etc. The trustee may have full discretionary powers of distributions to beneficiaries.


Trustee (Genealogy)

A person or agent holding the legal title to property


Trustee (Grantmaking)

A board member of a foundation. A foundation's trustees generally make the final decisions on grant applications.


Trustee (Home Equity)

A party who is given legal responsibility to hold property in the best interest of or "for the benefit of" another. The trustee is one placed in a position of responsibility for another, a responsibility enforceable in a court of law.


Trustee (Insolvency)


The person under the Bankruptcy and Insolvency Act who administers bankruptcy estates. Usually this person is an accountant and a member of the Canadian Insolvency Practitioners Association.


Trustee (International Business)

A bank or trust company that holds title to or a security interest in leased property for the benefit of the lessee, lessor, and/or creditors of the lessor.


Trustee (Law)

The person or institution that manages the property put in trust.


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Trustee (Legal)

The person or institution that manages the property put in trust.


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Trustee (Mortgage)

A party who is given legal responsibility to hold property in the best interest of or "for the benefit of" another. The trustee is one placed in a position of responsibility for another, a responsibility enforceable in a court of law. See Deed of Trust


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Trustee (Non-Profit Governance)

A member of an organization’s governing board. See also:Board Member


Trustee (Non-Profit Leadership)

A member of an organization’s governing board. See also:Board Member


Trustee (Offshore Trading)

A person totally independent of the settlor who has the fiduciary responsibility to the beneficiaries to manage the assets of the trust as a reasonable prudent business person would do in the same circumstances. Shall defer to the trust protector when required in the best interest of the trust. The trustee reporting requirements shall be defined at the onset and should include how often, to whom, how to respond to instructions or inquiries, global investment strategies, fees (flat and/or percentage of the valuation of the trust estate), anticipated future increases in fees, hourly rates for consulting services, seminars and client educational materials, etc. The trustee may have full discretionary powers of distributions to beneficiaries.


Trustee (Personal Injury Law)

The person or institution that manages the property put in trust.


Trustee (Philanthropy)

The person(s) or institutions responsible for the administration of a trust.


Trustee (Politics)

A representative who bases his or her decision not on public opinion but on what he or she believes is right or best.


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Trustee (Purchasing A Home)

A fiduciary who holds or controls property for the benefit of another.


Trustee (Real Estate)

A party who is given legal responsibility to hold property in the best interest of or "for the benefit of" another. The trustee is one placed in a position of responsibility for another, a responsibility enforceable in a court of law. (See deed of trust).


Trustee (Real Estate Appraisal)

A party who is given legal responsibility to hold property in the best interest of or "for the benefit of" another. The trustee is one placed in a position of responsibility for another, a responsibility enforceable in a court of law. (See also Deed of Trust)


Trustee (Refinance)

A party who is given legal responsibility to hold property in the best interest of or "for the benefit of" another. The trustee is one placed in a position of responsibility for another, a responsibility enforceable in a court of law.


Trustee (Tax)

A person or company legally responsible for the property of another.


See more Tax Terms ...



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