bare trustee - definition in the Business English Dictionary - Cambridge Dictionaries Online

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English definition of “bare trustee”

bare trustee

noun [C]
 
 
UK
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 from the Cambridge Business English Dictionary © Cambridge University Press)
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