trustee
Americannoun
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a person, usually one of a body of persons, appointed to administer the affairs of a company, institution, etc.
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a person who holds the title to property for the benefit of another.
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(in New England) a garnishee.
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a trusty.
verb (used with object)
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to place in the hands of a trustee or trustees.
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(in New England) to garnish.
noun
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a person to whom the legal title to property is entrusted to hold or use for another's benefit
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a member of a board that manages the affairs and administers the funds of an institution or organization
Usage
What does trustee mean? A trustee is a person who is appointed to administer the affairs of a company or other organization. Often such an organization will have a group, or a board, of trustees.A trustee can also be a person who holds the title to a property for someone else. If you inherit millions of dollars before you reach adulthood, the will might state that an adult manages that money for you until you become an adult. That person would be the trustee of your money.Example: The board of trustees advised us against running this ad during primetime.
Etymology
Origin of trustee
Example Sentences
Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.
However, if the original house was owned by the trust, the sale proceeds would legally need to go back into the trust unless the trust document gives the trustee discretion to reinvest them elsewhere.
From MarketWatch
Following these guidelines would give trustees of retirement accounts “safe harbor” status that would protect them from lawsuits, the agency said.
From MarketWatch
“You may give detailed instructions as to how the assets are managed. You may even retain the right to change the trustee at any time.”
From MarketWatch
The trustee — the relative or you and your husband — could manage the money.
From MarketWatch
The last residents left the home in February 2021 and the trustees are not involved in any other care homes.
From BBC
Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
Idioms from The American Heritage® Idioms Dictionary copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.
