1. a person or organization that holds and manages property or assets for the benefit of another person or group
Usage: legal
2. a member of a board that governs an institution such as a school, hospital, or foundation

Examples

• The bank serves as trustee for the children’s inheritance until they turn 18.
• She was appointed trustee of her grandmother’s estate.
• The university’s board of trustees meets quarterly to discuss policy.
• As trustee, he has a legal duty to act in the beneficiaries’ best interests.
• The trustees voted to approve the new building project.
• A trustee must keep detailed records of all financial transactions.
• The hospital trustees decided to expand the emergency department.