Co-Trustee

Business, Legal & Accounting Glossary

Definition: Co-Trustee



What is the dictionary definition of Co-Trustee?

Dictionary Definition


n. a trustee of a trust when there is more than one trustee serving at the same time, usually with the same powers and obligations. Occasionally a co-trustee may be a temporary fill-in, as when the original trustee is ill but recovers. The co-trustee must act in consultation with the other trustee(s), unless the language of the trust allows one co-trustee to act alone.


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https://payrollheaven.com/define/co-trustee/
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Co-Trustee. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. December 01, 2020 https://payrollheaven.com/define/co-trustee/.
Chicago Manual of Style (CMS):
Co-Trustee. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/co-trustee/ (accessed: December 01, 2020).
American Psychological Association (APA):
Co-Trustee. PayrollHeaven.com. Retrieved December 01, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/co-trustee/

Definition Sources


Definitions for Co-Trustee are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 27th April, 2020 | 4 Views.