Trustee An individual who holds or manages assets for the benefit of another. Investopedia Says: For example, an indenture trustee is the agent of a bond issuer who handles all the administrative aspects of a loan, including ensuring that the borrower complies with the terms in the indenture. Related Terms: Credit Shelter Trust - CST Exemption Trust Fiduciary Risk Indenture Irrevocable Trust Revocable Trust Trust Unit Investment Trust - UIT Unit Trust - UT |