Trusteeship: meaning, definitions and examples
๐
trusteeship
[ trสหstiหสษชp ]
legal context
Trusteeship refers to the position or function of a trustee, who is appointed to manage property or assets for the benefit of another party. It encompasses the responsibilities of managing assets and ensuring they are used according to the wishes of the grantor. Trusteeship can also refer to the overall framework of trust management in various legal and financial situations.
Synonyms
fiduciary duty, oversight, trust management.
Examples of usage
- He was appointed to a trusteeship over the family's estate.
- The trusteeship managed the funds for various charitable purposes.
- She serves in a trusteeship role for the community foundation.
- The legal implications of trusteeship must be understood by all parties.
Translations
Translations of the word "trusteeship" in other languages:
๐ต๐น tutela
๐ฎ๐ณ เคธเคฎเคฐเฅเคชเคฃ
๐ฉ๐ช Treuhandschaft
๐ฎ๐ฉ perwalian
๐บ๐ฆ ะฟะพะฟะตัะธัะตะปัััะฒะพ
๐ต๐ฑ kuratela
๐ฏ๐ต ไฟก่จ็ฎก็
๐ซ๐ท tutelle
๐ช๐ธ tutela
๐น๐ท vesayet
๐ฐ๐ท ์ ํ ๊ด๋ฆฌ
๐ธ๐ฆ ูุตุงูุฉ
๐จ๐ฟ svฤลenectvรญ
๐ธ๐ฐ sprรกvcovstvo
๐จ๐ณ ๆ็ฎก
๐ธ๐ฎ skrbniลกtvo
๐ฎ๐ธ umsรฝsla
๐ฐ๐ฟ าะฐะผาะพัััะปัา
๐ฌ๐ช แแแแแแแฌแแก แแแแ แแแแแแแ
๐ฆ๐ฟ etibarnamษ
๐ฒ๐ฝ patrocinio
Etymology
The term 'trusteeship' originates from the word 'trust', which comes from the Middle English 'trust', derived from Old Norse 'traust', meaning 'to rely on, confidence, or firmness'. The concept of trusteeship has evolved over centuries, particularly in legal and financial contexts. Historically, trusteeship arose in the medieval period with the development of feudal law, where landowners would assign trustees to manage their estate or property for the benefit of heirs or others. Over time, the legal framework around trusteeships has expanded, influencing modern practices in estate planning, corporate governance, and charitable organizations. Today, trusteeship signifies the vital role of fiduciaries who uphold the interests of beneficiaries, ensuring ethical management and stewardship of assets.
Word Frequency Rank
With rank #19,777, this word belongs to specialized vocabulary. While not common in everyday speech, it enriches your ability to express complex ideas.
- ...
- 19774 estrangement
- 19775 puffing
- 19776 saddened
- 19777 trusteeship
- 19778 predisposing
- 19779 plying
- 19780 phonology
- ...