trustee process

Definition of "trustee process"
  1. A legal procedure in which one party's claim to certain properties or assets is secured through the involvement of a third party
How to use "trustee process" in a sentence
  1. During the settlement of the bankruptcy case, the creditor opted for a trustee process to secure their claim.
  2. The debtor was not surprised when the bank initiated a trustee process, considering his unpaid loan.
  3. Trustee process is often used in legal proceedings to secure a party's financial interest.

Provide Feedback
Browse Our Legal Dictionary
# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z