Institutional Trustee definition: Copy, customize, and use instantly
Introduction
The term "Institutional Trustee" refers to a financial institution, such as a bank or trust company, authorized to act as a trustee under applicable laws and regulations. It is essential for overseeing fiduciary responsibilities, managing trust assets, and ensuring compliance with trust agreements or legal requirements.
Below are various examples of how "Institutional Trustee" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Institutional Trustee" as a fiduciary entity
This definition ties "Institutional Trustee" to its role in fiduciary duties.
"Institutional Trustee" means a financial institution authorized to act as a trustee, responsible for managing trust assets and ensuring compliance with the terms of the trust agreement.
Definition of "Institutional Trustee" as a trust administrator
This definition connects "Institutional Trustee" to administrative functions.
"Institutional Trustee" refers to an entity that administers trusts, including the maintenance of financial records, disbursement of funds, and reporting to beneficiaries as required under the trust agreement.
Definition of "Institutional Trustee" as a regulated financial institution
This definition links "Institutional Trustee" to regulatory oversight.
"Institutional Trustee" means a financial institution, such as a bank or trust company, regulated under applicable laws, authorized to perform trustee duties, and subject to fiduciary standards.
Definition of "Institutional Trustee" as a corporate trustee
This definition applies "Institutional Trustee" to corporate trust services.
"Institutional Trustee" refers to a corporate entity specializing in trust administration, responsible for executing the trust’s terms and managing assets on behalf of the beneficiaries.
Definition of "Institutional Trustee" as a custodian of trust assets
This definition ties "Institutional Trustee" to asset custody.
"Institutional Trustee" means a financial institution acting as the custodian of trust assets, ensuring their safekeeping and appropriate distribution in accordance with the trust agreement.
Definition of "Institutional Trustee" as a trustee under legal agreements
This definition connects "Institutional Trustee" to its role in contractual arrangements.
"Institutional Trustee" refers to the financial institution named in a trust or legal agreement as the party responsible for carrying out fiduciary duties and managing trust-related obligations.
Definition of "Institutional Trustee" as a trustee for debt instruments
This definition links "Institutional Trustee" to bond and note issuance.
"Institutional Trustee" means the financial institution appointed to act as trustee for bondholders or noteholders, ensuring compliance with the terms of the debt instruments and protecting the rights of investors.
Definition of "Institutional Trustee" as a professional trustee
This definition applies "Institutional Trustee" to professional trust management.
"Institutional Trustee" refers to a licensed or chartered financial institution engaged in professional trust management services, including the administration and oversight of trust accounts.
Definition of "Institutional Trustee" as a trustee for pension funds
This definition ties "Institutional Trustee" to retirement asset management.
"Institutional Trustee" means the financial institution responsible for managing pension fund assets, ensuring compliance with applicable regulations, and acting in the best interests of plan participants.
Definition of "Institutional Trustee" as a neutral third-party fiduciary
This definition connects "Institutional Trustee" to impartial trust management.
"Institutional Trustee" refers to a neutral third-party financial institution tasked with administering a trust in an unbiased manner, safeguarding the interests of all beneficiaries.
Definition of "Institutional Trustee" as a trustee under estate plans
This definition links "Institutional Trustee" to estate planning contexts.
"Institutional Trustee" means the financial institution designated to manage and distribute assets according to the terms of an estate plan or will, ensuring compliance with the decedent’s wishes.
Definition of "Institutional Trustee" as a party ensuring trust compliance
This definition applies "Institutional Trustee" to compliance monitoring.
"Institutional Trustee" refers to the financial institution responsible for ensuring that the trust complies with all legal, regulatory, and fiduciary requirements, as outlined in the trust agreement.
Definition of "Institutional Trustee" as an impartial fiduciary entity
This definition ties "Institutional Trustee" to its role as an impartial fiduciary.
"Institutional Trustee" means a financial institution acting as an impartial fiduciary responsible for safeguarding trust assets, ensuring compliance with the trust's terms, and acting in the best interests of all beneficiaries.
Definition of "Institutional Trustee" as a trustee for collateralized assets
This definition connects "Institutional Trustee" to collateral management.
"Institutional Trustee" refers to the financial institution appointed to manage and oversee collateralized assets held in trust, ensuring proper handling and compliance with contractual obligations.
Definition of "Institutional Trustee" as a trustee for securitization transactions
This definition links "Institutional Trustee" to structured finance.
"Institutional Trustee" means a financial institution designated to act as a trustee in securitization transactions, overseeing the administration of pooled assets and protecting the rights of investors.
Definition of "Institutional Trustee" as a manager of charitable trusts
This definition applies "Institutional Trustee" to charitable trust administration.
"Institutional Trustee" refers to the financial institution responsible for managing charitable trusts, ensuring the proper distribution of funds and compliance with the trust’s charitable purposes.
Definition of "Institutional Trustee" as a trustee for real estate trusts
This definition ties "Institutional Trustee" to real estate holdings.
"Institutional Trustee" means the financial institution responsible for managing real estate assets held in trust, including the oversight of property transactions, maintenance, and distribution of income to beneficiaries.
Definition of "Institutional Trustee" as a trustee for life insurance trusts
This definition connects "Institutional Trustee" to insurance-based trusts.
"Institutional Trustee" refers to a financial institution that oversees and administers life insurance trusts, ensuring policy premiums are paid and proceeds are distributed in accordance with the trust terms.
Definition of "Institutional Trustee" as a trustee in bankruptcy proceedings
This definition links "Institutional Trustee" to bankruptcy contexts.
"Institutional Trustee" means the financial institution appointed to act as a trustee in bankruptcy-related trusts, managing assets for the benefit of creditors or other stakeholders.
Definition of "Institutional Trustee" as a custodian for investment portfolios
This definition applies "Institutional Trustee" to investment management.
"Institutional Trustee" refers to the financial institution acting as a custodian and manager of investment portfolios held in trust, ensuring compliance with investment guidelines and trust objectives.
Definition of "Institutional Trustee" as a trustee under employee benefit plans
This definition ties "Institutional Trustee" to employee benefits.
"Institutional Trustee" means the financial institution responsible for managing and safeguarding assets in employee benefit plans, such as pensions or 401(k) plans, to ensure fiduciary compliance.
Definition of "Institutional Trustee" as a trustee for escrow arrangements
This definition connects "Institutional Trustee" to escrow services.
"Institutional Trustee" refers to the financial institution acting as a trustee for escrow accounts, holding funds or assets until specific conditions in the escrow agreement are met.
Definition of "Institutional Trustee" as a trustee in cross-border transactions
This definition links "Institutional Trustee" to international fiduciary services.
"Institutional Trustee" means a financial institution authorized to act as a trustee in cross-border transactions, managing assets and ensuring compliance with multiple jurisdictions' laws and regulations.
Definition of "Institutional Trustee" as a trustee for tax-advantaged trusts
This definition applies "Institutional Trustee" to tax-focused trusts.
"Institutional Trustee" refers to a financial institution that manages tax-advantaged trusts, such as irrevocable trusts or grantor trusts, to optimize tax benefits for the grantor and beneficiaries
Definition of "Institutional Trustee" as a trustee for environmental trusts
This definition ties "Institutional Trustee" to environmental asset management.
"Institutional Trustee" means the financial institution designated to oversee environmental trusts, ensuring funds are allocated to environmental restoration, conservation, or compliance projects.
Definition of "Institutional Trustee" as a trustee for deferred compensation plans
This definition connects "Institutional Trustee" to executive benefit plans.
"Institutional Trustee" refers to a financial institution responsible for managing assets held in deferred compensation plans for employees or executives, ensuring compliance with plan terms.
Definition of "Institutional Trustee" as a trustee for family trusts
This definition links "Institutional Trustee" to family wealth management.
"Institutional Trustee" means a financial institution engaged in the administration of family trusts, ensuring assets are distributed among beneficiaries as outlined in the trust agreement.
Definition of "Institutional Trustee" as a trustee in corporate reorganizations
This definition applies "Institutional Trustee" to corporate restructuring.
"Institutional Trustee" refers to a financial institution tasked with managing trusts established as part of corporate reorganizations, ensuring fair allocation of assets and compliance with legal obligations.
Definition of "Institutional Trustee" as a trustee for education trusts
This definition ties "Institutional Trustee" to educational purposes.
"Institutional Trustee" means a financial institution responsible for managing education trusts, ensuring funds are allocated for the educational needs of beneficiaries in accordance with the trust terms.
Definition of "Institutional Trustee" as a trustee for grantor retained annuity trusts (GRATs)
This definition connects "Institutional Trustee" to estate planning tools.
"Institutional Trustee" refers to a financial institution that oversees grantor retained annuity trusts (GRATs), ensuring the annuity payments and ultimate asset transfers are executed as specified.
Definition of "Institutional Trustee" as a trustee for bondholder protection
This definition links "Institutional Trustee" to debt security management.
"Institutional Trustee" means the financial institution appointed to act on behalf of bondholders, ensuring issuers meet their obligations under the terms of the bond indenture.
Definition of "Institutional Trustee" as a trustee for healthcare benefit plans
This definition applies "Institutional Trustee" to healthcare-related trusts.
"Institutional Trustee" refers to a financial institution responsible for managing trusts established for healthcare benefits, including medical expense accounts and health savings accounts (HSAs).
Definition of "Institutional Trustee" as a trustee for cross-generational trusts
This definition ties "Institutional Trustee" to long-term wealth transfer.
"Institutional Trustee" means a financial institution managing cross-generational trusts, ensuring the preservation and transfer of wealth to future generations as specified in the trust agreement.
Definition of "Institutional Trustee" as a trustee for perpetual trusts
This definition connects "Institutional Trustee" to trusts with no termination date.
"Institutional Trustee" refers to a financial institution responsible for administering perpetual trusts, ensuring the continued management of assets and compliance with trust objectives indefinitely.
Definition of "Institutional Trustee" as a trustee for litigation settlements
This definition links "Institutional Trustee" to legal settlement management.
"Institutional Trustee" means the financial institution appointed to manage funds allocated in litigation settlements, ensuring proper distribution to claimants or beneficiaries.
Definition of "Institutional Trustee" as a trustee for private equity funds
This definition applies "Institutional Trustee" to private investment structures.
"Institutional Trustee" refers to the financial institution overseeing private equity fund trusts, ensuring adherence to the fund’s investment strategy and fiduciary responsibilities.
Definition of "Institutional Trustee" as a trustee for escrowed tax payments
This definition ties "Institutional Trustee" to tax compliance.
"Institutional Trustee" means a financial institution that holds and disburses escrowed tax payments on behalf of clients, ensuring timely remittance to tax authorities as required.
Definition of "Institutional Trustee" as a trustee for international pensions
This definition connects "Institutional Trustee" to global retirement plans.
"Institutional Trustee" refers to a financial institution managing international pension funds, ensuring compliance with cross-border regulatory requirements and beneficiary distributions.
Definition of "Institutional Trustee" as a trustee for charitable endowments
This definition ties "Institutional Trustee" to philanthropic fund management.
"Institutional Trustee" means the financial institution responsible for managing charitable endowments, ensuring the preservation of principal and the distribution of income for philanthropic purposes.
Definition of "Institutional Trustee" as a trustee for structured settlement trusts
This definition connects "Institutional Trustee" to settlement administration.
"Institutional Trustee" refers to a financial institution tasked with managing structured settlement trusts, ensuring periodic payments are made to beneficiaries as outlined in the settlement agreement.
Definition of "Institutional Trustee" as a trustee for renewable energy projects
This definition links "Institutional Trustee" to sustainable energy funding.
"Institutional Trustee" means a financial institution managing trusts established to fund or support renewable energy initiatives, ensuring compliance with environmental and financial objectives.
Definition of "Institutional Trustee" as a trustee for special needs trusts
This definition applies "Institutional Trustee" to trusts benefiting individuals with disabilities.
"Institutional Trustee" refers to a financial institution administering special needs trusts, ensuring that assets are used to enhance the quality of life for beneficiaries without affecting their eligibility for public assistance.
Definition of "Institutional Trustee" as a trustee for corporate bond indentures
This definition ties "Institutional Trustee" to debt compliance.
"Institutional Trustee" means the financial institution appointed to oversee corporate bond indentures, ensuring issuers comply with the terms and protecting the rights of bondholders.
Definition of "Institutional Trustee" as a trustee for mineral rights and royalties
This definition connects "Institutional Trustee" to natural resource management.
"Institutional Trustee" refers to the financial institution responsible for managing trusts related to mineral rights and royalty interests, ensuring proper collection and distribution of income.
Definition of "Institutional Trustee" as a trustee for litigation trusts
This definition links "Institutional Trustee" to legal asset distribution.
"Institutional Trustee" means a financial institution managing litigation trusts, ensuring that settlement or judgment funds are distributed to eligible claimants as directed by the trust agreement.
Definition of "Institutional Trustee" as a trustee for income-generating assets
This definition applies "Institutional Trustee" to asset income management.
"Institutional Trustee" refers to the financial institution managing income-generating assets held in trust, including rental properties, investments, and royalties, ensuring distributions align with trust terms.
Definition of "Institutional Trustee" as a trustee for irrevocable life insurance trusts (ILITs)
This definition ties "Institutional Trustee" to life insurance trusts.
"Institutional Trustee" means the financial institution administering irrevocable life insurance trusts, ensuring premiums are paid and proceeds are distributed in accordance with the trust agreement.
Definition of "Institutional Trustee" as a trustee for corporate retirement plans
This definition connects "Institutional Trustee" to retirement plan management.
"Institutional Trustee" refers to a financial institution responsible for managing corporate retirement plan trusts, ensuring fiduciary compliance and proper allocation of plan assets.
Definition of "Institutional Trustee" as a trustee for healthcare liability trusts
This definition links "Institutional Trustee" to liability coverage.
"Institutional Trustee" means the financial institution managing healthcare liability trusts, ensuring sufficient reserves and proper fund allocation for liability claims.
Definition of "Institutional Trustee" as a trustee for escrowed construction funds
This definition applies "Institutional Trustee" to construction project financing.
"Institutional Trustee" refers to a financial institution holding and disbursing escrowed construction funds, ensuring they are allocated appropriately as project milestones are completed.
Definition of "Institutional Trustee" as a trustee for intellectual property trusts
This definition ties "Institutional Trustee" to IP asset management.
"Institutional Trustee" means a financial institution managing trusts established for intellectual property rights, ensuring royalties and licensing income are properly collected and distributed.
Definition of "Institutional Trustee" as a trustee for international aid trusts
This definition connects "Institutional Trustee" to global charitable initiatives.
"Institutional Trustee" refers to a financial institution overseeing international aid trusts, ensuring funds are distributed to projects and initiatives in alignment with donor intentions and trust objectives.
Definition of "Institutional Trustee" as a trustee for high-net-worth family offices
This definition links "Institutional Trustee" to private wealth structures.
"Institutional Trustee" means the financial institution managing trusts within high-net-worth family office structures, ensuring long-term wealth preservation and intergenerational asset transfer.
Definition of "Institutional Trustee" as a trustee for hybrid trusts
This definition ties "Institutional Trustee" to hybrid trust structures.
"Institutional Trustee" means a financial institution managing hybrid trusts that combine characteristics of revocable and irrevocable trusts, ensuring compliance with their unique terms and conditions.
Definition of "Institutional Trustee" as a trustee for philanthropic grant-making trusts
This definition connects "Institutional Trustee" to philanthropic grant distribution.
"Institutional Trustee" refers to the financial institution responsible for managing trusts established for philanthropic grant-making, ensuring funds are allocated to approved charitable organizations or causes.
Definition of "Institutional Trustee" as a trustee for settlement preservation trusts
This definition links "Institutional Trustee" to protecting settlement proceeds.
"Institutional Trustee" means a financial institution managing settlement preservation trusts, safeguarding funds for beneficiaries while ensuring they meet long-term needs.
Definition of "Institutional Trustee" as a trustee for investment-grade bonds
This definition applies "Institutional Trustee" to high-credit-quality securities.
"Institutional Trustee" refers to a financial institution overseeing the administration and compliance of investment-grade bond trusts, ensuring the protection of investor interests.
Definition of "Institutional Trustee" as a trustee for digital asset trusts
This definition ties "Institutional Trustee" to digital currencies and blockchain.
"Institutional Trustee" means a financial institution managing trusts that hold digital assets, such as cryptocurrencies or tokenized securities, ensuring compliance with emerging regulations.
Definition of "Institutional Trustee" as a trustee for public infrastructure projects
This definition connects "Institutional Trustee" to government-backed projects.
"Institutional Trustee" refers to a financial institution tasked with managing funds for public infrastructure projects, ensuring proper disbursement and adherence to project agreements.
Definition of "Institutional Trustee" as a trustee for revocable living trusts
This definition links "Institutional Trustee" to estate planning flexibility.
"Institutional Trustee" means the financial institution managing revocable living trusts, ensuring the grantor retains control during their lifetime while providing seamless asset management.
Definition of "Institutional Trustee" as a trustee for offshore asset protection
This definition applies "Institutional Trustee" to international asset safeguarding.
"Institutional Trustee" refers to a financial institution managing offshore trusts, offering asset protection and tax planning benefits in compliance with international laws.
Definition of "Institutional Trustee" as a trustee for escrowed intellectual property rights
This definition ties "Institutional Trustee" to managing intellectual property in escrow.
"Institutional Trustee" means the financial institution managing escrowed intellectual property rights, ensuring proper release upon the fulfillment of contractual obligations.
Definition of "Institutional Trustee" as a trustee for structured credit products
This definition connects "Institutional Trustee" to complex financial instruments.
"Institutional Trustee" refers to a financial institution appointed to administer structured credit products, such as collateralized debt obligations, ensuring compliance with trust agreements.
Definition of "Institutional Trustee" as a trustee for charitable remainder trusts
This definition links "Institutional Trustee" to tax-advantaged charitable giving.
"Institutional Trustee" means the financial institution responsible for administering charitable remainder trusts, distributing income to beneficiaries and the remainder to designated charities.
Definition of "Institutional Trustee" as a trustee for disaster relief funds
This definition applies "Institutional Trustee" to emergency response funding.
"Institutional Trustee" refers to a financial institution managing disaster relief funds, ensuring the timely and efficient allocation of resources to affected areas or populations.
Definition of "Institutional Trustee" as a trustee for multi-currency asset management
This definition ties "Institutional Trustee" to global asset portfolios.
"Institutional Trustee" means the financial institution managing trusts with multi-currency assets, ensuring proper hedging, reporting, and compliance with international financial standards.
Definition of "Institutional Trustee" as a trustee for perpetual charitable trusts
This definition connects "Institutional Trustee" to long-term philanthropy.
"Institutional Trustee" refers to a financial institution administering perpetual charitable trusts, ensuring the indefinite management and allocation of funds for philanthropic purposes.
Definition of "Institutional Trustee" as a trustee for renewable energy credits
This definition links "Institutional Trustee" to sustainability markets.
"Institutional Trustee" means a financial institution managing trusts that hold and trade renewable energy credits, ensuring compliance with environmental regulations and market standards.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.