Definition of "trustee" []

• Law One, such as a bank, that holds legal title to property in order to administer it for a beneficiary. (noun)
• A member of a board elected or appointed to direct the funds and policy of an institution. (noun)
• A country responsible for supervising a trust territory. See Usage Note at -ee1. (noun)
• To place (property) in the care of a trustee. (verb-transitive)
• To function or serve as a trustee. (verb-intransitive)

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.

• "In Mexico, the trustee is always a financial institution, and it holds title to the property."
• "But some interviewed expressed concern that a younger patron may lack familiarity with an organization's priorities, which could turn problematic given that a trustee is often vested with executive-hiring approval, financial responsibilities and, in the case of museums, the acquisition of artwork."
• "BNY Mellon, the bond trustee, is charged with administering the securitizations, or bond trusts, for the benefit of investors."