Task: Class Definition Understanding (ontology: Business_Finance/Financial_Industry_Business_Ontology)

Which of the following definitions best describes 'trustor'?

A. fiduciary relationship and legal entity in which one party, known as a trustor, gives another party, the trustee, the right to hold title to and manage assets for the benefit of a third party, the beneficiary
B. party that establishes a trust and places property under the protection and management of one or more trustees for the benefit of at least one beneficiary
C. role of an individual or organization that is a member of an alliance set up to pool resources and share risk with respect to a large transaction
D. person in the service of another under any contract of hire, express or implied, oral or written, where the employer has the right to control and direct that person in the material details of how the work is to be performed

Answer: party that establishes a trust and places property under the protection and management of one or more trustees for the benefit of at least one beneficiary