Trustee

Business / Real Estate / Trustee: 1) One who holds property in trust for another as a fiduciary and is charged with the duty to protect, preserve and enhance the value and the highest and best use of the trust property. 2) One who holds property in trust for another to secure the performance of an obligation. In those states using trust deeds as security devices, the trustee holds bare legal title to the property pending the borrower/trustor paying off the underlying debt or promissory note. The trustee is usually a lending institution, trust company or title insurance company.

Trustee In Bankruptcy

Business / Debt / Trustee In Bankruptcy: One appointed by a bankruptcy court, and in whom the property of the bankrupt vests. The trustee holds the property in trust, not for the bankrupt, but for the creditors. MORE

Trustees Deed

Business / Real Estate / Trustees Deed: A deed executed by a trustee conveying land held in a trust. MORE

Trustees

Life Style / Time Shares / Trustees: Trustees of a resort property exist primarily to provide a secure backing in case a resort developer does not succeed financially. In the timeshare world, trustees are a financial institution or group MORE

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