Trustee fund definition

Trustee fund means an account into which premiums, investment proceeds, and other revenues are deposited and are used to cover all administrative or operational expenses of a pool.
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Examples of Trustee fund in a sentence

  • Interest from the Trustee fund dedicated to faculty development shall be added to the pool of money available for faculty development described.

  • Interest from the Trustee fund dedicated tofaculty development shall be added to the pool of money available for faculty development described.

  • The Trustee should, in making distributions, consider the abilities of the beneficiaries, all other financial resources available to the beneficiaries, and the willingness of the beneficiary to work and otherwise help him or herself to make the most of the opportunities available to him or her; it is not Trustor’s intention that the Trustee fund indolence or destructive behavior.

  • Necessary legal steps to establish the SFM (e.g. for a Trust Fund, establishment of the Trustee as a foundation or company owned by participating AMCs, appointment of the Trustee, fund managers and auditors) have been done.