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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 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.
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(Definition of bare trustee from the Cambridge Business English Dictionary © Cambridge University Press)
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