What do you mean by trusteeship

Dear Student

'Trusteeship' refers to the relationship framework where an individual or company (trustee) who manages the assets on beahlf of another. A trust can be very restrictive and it may allow the trustee for wide discretion (depending upon the grantor's desire)
For Example : A trustee may be hired by a bank to distribute funds from a loan to the ultimate borrower.

Regards