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trustor

   Also found in: Dictionary/thesaurus, Financial, Wikipedia 0.01 sec.

trustor n. the creator of a trust (who normally places the original assets into the trust), called a "settlor" or "donor" in many states. Trustor is a title used primarily in western states. (See: trust, settlor)


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when examining trust between two or more individuals, there is a trustor (the individual trusting) and a trustee or trustees (the individual or individuals being trusted).
Trustor Person who is borrowing money secured by a trust deed
Arguably the most comprehensive definition of trust has been proposed by Mayer, Davis and Schoorman (1995) where trust is the "willingness of a party to be vulnerable to the actions of another party based on the expectation that the other will perform a particular action important to the trustor, irrespective of the ability to monitor or control that other party".
 
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