trustee :

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trustee

truhstee

  • n  a person (or institution) to whom legal title to property is entrusted to use for another's benefit
  • n  members of a governing board

  • It is the trustee who holds the mortgage securing the bonds, who forecloses if the borrower de faults.
  • The trustee went home empty-handed, but now university alumni only recently apprised of the negotiations are buzzing with indignation.
  • A SIPA trustee's job, not unlike a Chapter 7 trustee, is to recover property, assess claims and liquidate any other assets of a bankrupt firm for the benefit of the estate and .
News & Articles

Quotes

  • Andrew Cuomo in Wall Street Journal
    For decades, the state pension fund has been weakened and corrupted by the sole trustee model,Mr. Cuomo said in a statement. "To put it simply -- the model doesn't work. It's about as senseless as having a single lock on Fort Knox."
  • Mitt Romney in Washington Post
    The trustee of the blind trust has said publicly that he will endeavor to make my investments conform to my positions and I have confidence that he will do that well,Romney told reporters during a campaign stop in Georgia.
  • Mike Crapo in Belfast Telegraph
    Senator Mike Crapo, an Idaho Republican, said such an oversight board would be "basically a federal restructuring trustee" with some of the same powers as a bankruptcy court.

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