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An individual or organization which holds or manages and invests assets for the benefit of another. The trustee is legally obliged to make all trust-related decisions with the beneficiary's interests in mind, and may be liable for damages in the event of not doing so. Trustees may be entitled to a payment for their services, if specified in the trust deed. In the specific case of the bond market, a trustee administers a bond issue for a borrower, and ensures that the issuer meets all the terms and conditions associated with the borrowing.
Unproductive debt can be an enormous drag on your ability to grow wealth, but not all debt is bad. Used well, borrowing to invest can help you create a larger portfolio sooner. Here’s how to make good debt work for you as you approach retirement.
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