Compensation Glossary

# A B C D E F G H I J K L M N O P Q R S T U V W - Z

Trustees

A person, bank or trust company that has responsibility over financial aspects (receipt, disbursement and investment) of funds for the benefit of another. The trustee is legally obligated to make all trust-related decisions with the beneficiary's interests in mind, and may be liable for damages in the event of not doing so.

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