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English definition of “trusteeship”

trusteeship

noun [C or U]     /trʌstˈiːʃɪp/ LAW
a situation in which someone's money or property is managed by another person or organization: The funds are now temporarily in trusteeship.
the job of a trustee: She resigned her trusteeship.
(Definition of trusteeship noun from the Cambridge Business English Dictionary © Cambridge University Press)
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