I. |trə|stē noun
( -s )
Etymology: trust (III) + -ee
1. : one to whom something is entrusted : one trusted to keep or administer something
custodians of very glorious traditions, and the trustees of a spiritual wealth — W.R.Inge
as
a. : a member of a board entrusted with administering the funds and directing the policy of an institution or organization (as a school, hospital, philanthropic foundation)
b. : a country charged with the supervision of a trust territory
2.
a. : a person whether real or juristic to whom property is legally committed in trust : one holding legal title to property which he must administer for the benefit of a beneficiary or for a purpose recognized as legally charitable or as lawful by statute
b. : one in whose hands the effects of another are attached by the trustee process
c. : one held to a fiduciary duty similar in some respects to that of a trustee
the directors of a bank may be trustees for the depositors
directors of a corporation are trustees for the stockholders
a guardian is trustee of his ward's property
II. verb
( trusteed ; trusteed ; trusteeing ; trustees )
transitive verb
: to commit to the care of a trustee
required to either sell or trustee their holdings in one or the other end of the business — Springfield (Massachusetts) Union
whose scheme of social organization is to be adopted in the trusteed areas of the world — Isaiah Bowman
intransitive verb
: to serve as trustee
III.
variant of trusty