trustee
/trʌs'ti:/
Học thuậtThân thiện
Definition
- Noun:
- A person or institution legally appointed to manage property or assets for the benefit of another person or group: A trustee is someone who holds and administers property or assets under a fiduciary responsibility.
- A member of a governing board (e.g., for a school, charity, or foundation): A trustee serves on a board that oversees the management and policies of an institution.
Usage Examples
- Noun:
- The bank was appointed as the trustee for the children's inheritance.
- She serves as a trustee on the university's board, helping to set its strategic direction.
Advanced Usage
- "In trust": A phrase describing property held by a trustee.
- The estate is held in trust for the grandchildren until they turn 25.
- "Breach of trust": A failure of a trustee to fulfill their legal duties.
- The lawyer was sued for a breach of trust after mismanaging the client's funds.
Variants and Related Words
- Trust (n): The legal arrangement or entity under which a trustee manages assets.
- He set up a trust to manage his charitable donations.
- Trusteeship (n): The office, function, or term of a trustee.
- Her trusteeship of the museum lasted ten years.
- Co-trustee (n): A person who serves as a trustee jointly with another.
- The two siblings acted as co-trustees of the family foundation.
Synonyms
- Fiduciary: A person who holds a legal or ethical relationship of trust.
- Administrator: A person responsible for managing an estate or assets.
- Custodian: A person who has responsibility for or looks after something.
Related Phrases
- Board of Trustees: The group of people collectively responsible for governing an institution.
- The board of trustees approved the new campus building plan.
Noun
- members of a governing board
- a person (or institution) to whom legal title to property is entrusted to use for another's benefit