active trustee


active trustee
active trustee active trustee trustee

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active trust UK US noun [C] LAW, FINANCE
a trust (= arrangement of legal control over someone's money or property) where the trustee (= person who has this control) has other particular duties, such as investing money, or passing on profits, rents, etc.
active trustee noun [C]
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David is an active trustee of a social welfare charity.


Financial and business terms. 2012.

Look at other dictionaries:

  • active trust — UK US noun [C] LAW, FINANCE ► a trust (= arrangement of legal control over someone s money or property) where the trustee (= person who has this control) has other particular duties, such as investing money, or passing on profits, rents, etc.… …   Financial and business terms

  • trustee — agent of a bond issuer who handles the administrative aspects of a loan and ensures that the borrower complies with the terms of the bond indenture. Bloomberg Financial Dictionary When a person is the legal owner of assets, but is holding them on …   Financial and business terms

  • trustee — trust·ee 1 /ˌtrəs tē/ n 1: one to whom something is entrusted: one trusted to keep or administer something: as a: a member of a board entrusted with administering the funds and directing the policy of an institution or organization b: a country… …   Law dictionary

  • Trustee Savings Bank — Infobox Defunct Company company name = TSB Bank plc. company company type = Public foundation = 1985 (as TSB Bank plc.); 1810 (first Trustee Savings Bank) industry = Banking products = Banking location = London, England, UK defunct = 1995 fate =… …   Wikipedia

  • Active Trust — A trust where the trustee is held accountable for additional responsibilities. With an active trust, those additional responsibilities can be in respect to the control or management of the trust, collection of rent, profits, and sale proceeds; in …   Investment dictionary

  • active trust — A trust which maintains the legal estate in the trustee, to enable him to perform the duties devolved on him by the donor, and gives the cestui que trust only a right in equity to enforce the per formance of the trust. 54 Am J1st Trusts § 13. A… …   Ballentine's law dictionary

  • active trust — noun a trust in which the trustee must perform certain duties • Ant: ↑passive trust • Hypernyms: ↑trust * * * noun : a trust in which the trustee is charged with the performance of some substantial duties in respect to the control, management,… …   Useful english dictionary

  • trust, active — n. A trust that must be actively managed by the trustee. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008 …   Law dictionary

  • United States trust law — Introduction Most law regulating the creation and administration of trusts in the United States is now statutory at the state level. In August 2004, the National Conference of Commissioners on Uniform State Laws created the first attempt to… …   Wikipedia

  • George Putnam III — is editor and founder of The Turnaround Letter , a newsletter published by New Generation Research, Inc. which deals with investment opportunities related to distressed securities, bankruptcies and turnarounds. He is also president of New… …   Wikipedia


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