Trustee : Definition

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Definitions of Trustee

Pronunciation : Trus*tee"
Part of Speech : n.
Definition : Defn: 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. [U. S.]

(Law)
Source : Webster's Unabridged Dictionary, 1913

Pronunciation : Trus*tee"
Part of Speech : v.
Definition : 1. To commit (property) to the care of a trustee; as, to trustee an estate.

2. (Law)

Defn: To attach (a debtor's wages, credits, or property in the hands of a third person) in the interest of the creditor. [U.S.]

t.
Source : Webster's Unabridged Dictionary, 1913

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