Definition

Trustees

Trustees have a fiduciary duty to act in accordance with a trust deed and for the benefit of the beneficiary (ies).

Share it:  Cite

More from this Section

  • Bond discount
    Bond discount is the difference by which a bond's market price is lower than its face ...
  • Additional bonds test
    Additional bonds test are a test for ensuring that bond issuers can meet the debt service ...
  • Fixed-amount option
    Fixed-amount option is a life insurance settlement option in which the policy proceeds ...
  • International trade
    International trade is a relatively conservative approach that can be used by firms to ...
  • Back months
    Back months is in the context of futures and options trading, refers to the months of ...