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GLOSSARY: Enter search term:
Browse dictionary by letter: A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Glossary Term: TRUSTEE

Definition(s) for TRUSTEE:


1. ) In bankruptcy term it refers to an agent of the court who manages the property of the debtor for the benefit of the creditors. The court appoints a trustee in most Chapter 7 cases and in Chapter 11 cases when it determines that the debtor's management should not remain in control. This type of trustee should be distinguished from the U.S. Trustee, who plays an administrative role in all bankruptcy cases.

2. ) A bank designated by the issuer as the custodian of funds and the official representative of the bond holders.

3. ) The person appointed to administer or manage a trust estate.

4. ) A person or entity who is responsible for another person's or entity's assets and/or investments.

5. ) Deutsche Bank National Trust Company and its successors and, if a successor trustee is appointed under this Agreement, the successor.


See Also:
UNITED STATES TRUSTEE, SUPPLEMENTAL INTEREST TRUSTEE, TRUSTEE FEE, TRUSTEE FEE RATE


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