bare trustee
noun [C] UKDefinition
› LAW a person or organization that holds money, property, or other assets for someone only until the time they have the right to own it themselves: You could buy the house for your grandson and hold it for him as a bare trustee until he is 18, when it becomes his absolutely. → See also trustee
(Definition of bare trustee noun from the Cambridge Business English Dictionary
© Cambridge University Press)
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