A trustee is a person or firm that holds or administers property or assets for the benefit of a third party.
 | | Term of the Day | Words to Know | | |  | | Trustee | | A trustee is a person or firm that holds and administers property or assets for the benefit of a third party. A trustee may be appointed for a wide variety of purposes, such as in the case of bankruptcy, for a charity, for a trust fund, or for certain types of retirement plans or pensions. Trustees are trusted to make decisions in the beneficiary's best interests and often have a fiduciary responsibility to the trust beneficiaries. | | Read More » | | SPONSORED BY INVESCO | | What is an Exchange-Traded Fund? | | An ETF is a basket of securities that may consist of stocks, bonds, commodities, or other financial assets. Invesco offers a deep dive into this versatile asset. | | Learn More » | | | Third Party | | A third party is an individual or entity that is involved in a transaction but is not one of the principals and has a lesser interest. | | Read More » | | | Trust Fund | | A trust fund is a legal entity that holds and manages assets on behalf of another individual or entity. | | Read More » | | | Beneficiary of Trust | | A beneficiary of trust is the individual or group of people who benefit from trust assets and the income they generate as outlined in a trust agreement. | | Read More » | | | Fiduciary | | A fiduciary is a person who acts on behalf of another person or persons to manage assets. | | Read More » | | | | | | CONNECT WITH INVESTOPEDIA | | | | | | | |
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