Agency vs Trustee - What's the difference?
agency | trustee |
The capacity, condition, or state of acting or of exerting power; action or activity; operation.
A person or thing through which power is exerted or an end is achieved: instrumentality, means.
The office or function of an agent; also, the relationship between a principal and that person's agent.
An establishment engaged in doing business for another; also, the place of business or the district of such an agency.
A department or other administrative unit of a government; also, the office or headquarters of, or the district administered by such unit of government.
A person to whom property is legally committed in trust, to be applied either for the benefit of specified individuals, or for public uses; one who is intrusted with property for the benefit of another; also, a person in whose hands the effects of another are attached in a trustee process.
To commit (property) to the care of a ; as, to trustee an estate.
To attach (a debtor's wages, credits, or property in the hands of a third person) in the interest of the creditor.
As nouns the difference between agency and trustee
is that agency is the capacity, condition, or state of acting or of exerting power; action or activity; operation while trustee is a person to whom property is legally committed in trust, to be applied either for the benefit of specified individuals, or for public uses; one who is intrusted with property for the benefit of another; also, a person in whose hands the effects of another are attached in a trustee process.As a verb trustee is
to commit (property) to the care of a ; as, to trustee an estate.agency
English
(Webster 1913)Noun
(agencies)- The superintendence and agency of Providence in the natural world. --Woodward.
- Agency for Toxic Substances and Disease Registry
- Central Intelligence Agency