Finanza: Fondi comuni di investimento
| English |
| trustee |
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| Attestation |
4
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| Part of speech |
Noun
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| Definition |
a person or organisation who has the duty of holding and taking care of trust property, such as the securities in the trust fund of a unit trust, but without any duty to manage it. In Britain it may be the Public Trustee or any body cerporate that qualifies to act as a custodian trustee under the law. For this service, the trustee receives a regular fee.
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| Definition source |
LDBE
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| Context |
[...] A unit trust company is called a ‘trust’ because the assets are held in trust, that is safely, for the investors. Trustees are appointed who are responsible for making sure that the unit trust is run in accordance with the rules set down in its constitution and that it complies with the official regulations established by the government through the SIB. Usually unit trust trustees are professional trustees who will fulfil the role for many unit trusts. A trustee is usually a bank or an insurance company. [...]
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| Context source |
Tx-Unit
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| Synonym |
custodian trustee, custodian
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| Quasi-synonym |
depositary
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| de |
Verwahrstelle, Treuhänder
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| it |
depositario, fiduciario
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