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trustee

trustee

137 4.8
A person or group who manages money and property for others and must act for their benefit
  • noun
  • /trʌsˈti/
  • Specialized
translation icon : fiduciario
  • Sarah and her lawyer had suggested making me the trustee over her trust.
  • board of trustees
  • appoint trustees
  • elect trustees

Who would be the, the trustees of, of this project?

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Examples

  • Acknowledgments: The author thanks the Brandt Foundation and its trustees for their continued support.

    Academic text (2017)
  • It's a trust with its own trustee and everything and it has an agreement.

  • I'll make you trustee right now.

  • First, thanks to the trustees of this university.

  • The trustees seem to think we need it.

  • As the foundation's sole trustee, she was required to handle a wide variety of problems.

    Fiction book (1997)
  • Yeah, I, you know, I'm the founder and trustee of my daughter's foundation.

  • With the board of trustees invested in our proposal, we were ready to begin the transformation.

    Academic text (2013)
  • She's a museum trustee.

  • As the newly appointed trustee of the family estate, he is responsible for managing all the assets.

Synonyms

steward
vstrustee
26 4.6

A person who manages property, money and daily operations for someone or an organization

has a formal legal responsibility for trust assets rather than general management tasks
fiduciary
vstrustee
  • Specialized
5 9.2

A person who must manage someone else's money or property and act in their best interest

is the specific role appointed under trust rules rather than general duty
depositary
vstrustee
  • Formal
1 8.1

A person, place, or group that keeps things safe for others

actively manages assets and affairs not only stores or safeguards them
trust company
vstrustee
  • Specialized
1 5.3

A company that manages money and property for people or groups, including estates after death

can be an individual or organization managing assets rather than only an institution
trust corporation
vstrustee
  • Specialized
1 6.3

A company, often a bank, that manages money and property for other people

is the same role but may be a person or other organization
cotrustee
vstrustee
  • Specialized
7.5

A person who shares responsibility for managing a trust with other people

handles assets alone or as main responsible party rather than sharing duties
fundholder
vstrustee
5.3

A person or organization that holds and spends money for a specific purpose

manages wider assets or affairs under legal trust rather than holding a single sum

Compounds

7.5

A savings account where one person manages money for someone who gets it when the account holder dies

A legal relationship where one person must act in another person's best interest

How Responsible

fiduciary
  • Specialized
5 9.2
trustee
  • Specialized
137 4.8
executor
31 6.8
custodian
40 3.8
caretaker
60 1.9

Surface Forms

trustee singular
trustees plural

Morphology

trustee = trust (transparent) = trust + ee

Formed by the productive suffix '-ee' added to 'trust' meaning a person who holds or is the object of a trust; the meaning is directly inferable from the base.

Etymology

Trustee comes from trust, which means 'confidence' or 'property held for someone', and the ending -ee, which shows a person who is the receiver of an action, as in employee. So a trustee is 'someone trusted' to manage money or property for other people.