Meaning of “trusteeship” in the English Dictionary

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"trusteeship" in Business English

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trusteeshipnoun [ C or U ]

uk /trʌstˈiːʃɪp/ us 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” from the Cambridge Business English Dictionary © Cambridge University Press)

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