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trustee definition - finance
  1. A person who has been appointed by a court to handle the issues outlined in a legal action. For example, in a bankruptcy proceeding, the judge appoints a trustee who is responsible for such things as liquidating assets and disbursing the proceeds to the creditor.
  2. A person who administers a trust. See also trust.
  3. A group or board of people who have been appointed to manage the affiars of an institution, such as a university.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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