Financial Glossary

Here you’ll find clear and concise explanations of key financial terms and concepts. Our goal is to help you better understand essential topics across the financial world.

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Featured
Withholding
Will

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Featured
Yield Curve
Yield

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Zero-Coupon Bond

0-9

August Jepsen August Jepsen

Trustee

A trustee is a person, business, or institution appointed to manage and administer assets held in a trust for the benefit of the trust’s beneficiaries. The trustee holds legal title to the trust property, must follow the terms and instructions in the trust document, and has a fiduciary duty to act in the best interests of the beneficiaries by managing, protecting, and distributing trust assets as directed. Trustees are responsible for keeping accurate records, treating beneficiaries impartially, and acting with loyalty and prudence.

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