Definition, Meaning & Synonyms

trusteeship

Noun

/trʌsˈtiːʃɪp/

Definition

The position or responsibility of being a trustee, which involves managing property or assets on behalf of someone else.

Examples

The community established a trusteeship to manage the funds for the park’s maintenance.
He served in a trusteeship for a charitable organization dedicated to education.
Her responsibilities in the trusteeship included overseeing investments and making financial decisions.

Meaning

Trusteeship refers to a legal arrangement where a trustee holds and manages assets for the benefit of another party, often following specific terms outlined in a trust agreement.