Home | Term of the Day | |||
| 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 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 ... | ||||
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| Usage Example After my father sold his company for millions of dollars, he decided to make sure some of the money would be kept safe for my mother and put it in the care of a trustee to invest it for her. | ||||
Term of the Day
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Join date : 2013-01-12
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