noun · formal
trusteeship
/trʌsˈtiːʃɪp/trus·TEE·ship
the responsibility, role or state of being assigned to a trustee who manages property, funds or an organisation for others
Examples
“After the scandal the charity was put into trusteeship to restore proper governance.”
“The university assumed trusteeship of the museum, overseeing its collections and finances.”
“Entering trusteeship can protect creditors while a company is reorganised.”
Band 8 sentence
“Following several governance failures the charity entered trusteeship, enabling an independent board to stabilise finances and improve oversight.”
Collocations
- place under trusteeship
- assume trusteeship
- enter into trusteeship
Word family
Common mistakes
We put the company in trustship.→We put the company in trusteeship.
They appointed trusteeship to manage the fund.→They appointed a trustee to manage the fund.
She was given trustees.→She was made a trustee.
Say it for a higher band
5management→6custody→7+trusteeship
Synonyms
custodianship
administration
Easily confused
trustee
“The charity's trustee resigned after the audit.”
Related words
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In -ship
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