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nounmembers of a governing board
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nouna person (or institution) to whom legal title to property is entrusted to use for another's benefit
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Definition that contains trustee
- trust something (as property) held by one party (the trustee) for the benefit of another (the beneficiary)
- trusteeship the position of trustee
- receiver-creditor relation the responsibility of receiver or trustee in bankruptcy to act in the best interests of the creditor
- totten trust a savings account deposited by someone who makes themselves the trustee for a beneficiary and who controls it during their lifetime; afterward the balance is payable to the previously named beneficiary
- active trust a trust in which the trustee must perform certain duties
- trust deed a written instrument legally conveying property to a trustee often used to secure an obligation such as a mortgage or promissory note
- msb a state-chartered savings bank owned by its depositors and managed by a board of trustees
- savings account trust a savings account deposited by someone who makes themselves the trustee for a beneficiary and who controls it during their lifetime; afterward the balance is payable to the previously named beneficiary
- trust account a savings account deposited by someone who makes themselves the trustee for a beneficiary and who controls it during their lifetime; afterward the balance is payable to the previously named beneficiary
- breach of trust violation (either through fraud or negligence) by a trustee of a duty that equity requires of him