Definition of "settlor" []

• One that makes a business or financial settlement or a settlement of property. (noun)

American Heritage(R) Dictionary of the English Language, Fifth Edition. Copyright (c) 2011 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

• "• Contracts should be structured as three-way trust relationships where possible, with the government as settlor, the contractor as trustee, and the affected population as beneficiary."
• "Generally speaking, a trustee administers a trust, which Black's Law Dictionary defines as a property interest held by the trustee at another's request (the settlor) for a third party's benefit (beneficiary) according to the trust's terms or those of any relevant will if the trust is created in that document."
• "Because a testator or the settlor of a trust is not a state actor, there are no constitutional dimensions to his choice of beneficiaries."