trustee
Meaning
A trustee is an individual or entity appointed to manage and oversee the assets or interests of another party, typically in a fiduciary capacity, ensuring that such responsibilities are executed with a high standard of care and loyalty to the beneficiarie
💡 The term "trustee" is often misused to refer to anyone in a position of authority; however, it specifically denotes a legal responsibility to act in the best interests of another party, distinguishing it from general management roles.
Example Sentences
Common Phrases
fiduciary trustee
board of trustees
trust agreement
Related Words
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