Trustee

Definition of Trustee

Trus`tee´

n.

1.

(Law) A person to whom property is legally committed in trust, to be applied either for the benefit of specified individuals, or for public uses; one who is intrusted with property for the benefit of another; also, a person in whose hands the effects of another are attached in a trustee process.

Trustee process
(Law) a process by which a creditor may attach his debtor's goods, effects, and credits, in the hands of a third person; - called, in some States, the process of foreign attachment, garnishment, or factorizing process.

v. t.

1.

To commit (property) to the care of a trustee; as, to trustee an estate.

2.

(Law) To attach (a debtor's wages, credits, or property in the hands of a third person) in the interest of the creditor.

Related Words

accepter, accountant, acquirer, addressee, audience, auditor, beholder, bookkeeper, bursar, cashier, cashkeeper, chamberlain, comptroller, consignee, controller, curator, depositary, depository, fiduciary, financial officer, getter, hearer, holder, liquidator, listener, looker, obtainer, payee, paymaster, procurer, purse bearer, purser, receiver, recipient, spectator, steward, taker, treasurer, viewer

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