bare trustee Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “bare trustee” in the English Dictionary

"bare trustee" in Business English

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bare trusteenoun [C]

uk   us   UK
LAW a ​person or ​organization that ​holdsmoney, ​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 ​baretrustee until he is 18, when it becomes his absolutely.
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(Definition of bare trustee from the Cambridge Business English Dictionary © Cambridge University Press)
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