society > law > transfer of property > settlement of property > [noun] > putting property into trust > a trustee or body of trustees > position or relation of (4)
A legal arrangement whereby assets, property, etc., are put in the possession of a trustee or trustees to be held or administered for the benefit…
The position or role of a trustee (in various senses); guardianship.
The state or condition of being administered by a trustee or trustees (trustee, n. 1a); chiefly in in (also under) trusteeship: in the possession…