The AI-powered English dictionary
plural settlors
(trust law) A person who settles property on express trust for the benefit of beneficiaries. quotations examples
Once the trust deed is drawn up and the asset transferred to the trustee, the settlor no longer owns the asset; his personal creditors therefore cannot seize it to satisfy their claims. […]
2020, Katharina Pistor, “2: Coding Land”, in The Code of Capital […] , Princeton University Press