grantor
/ˈɡræntər/
noun
- A person or organization that gives something, especially money or property, to another person or organization.
- The foundation acted as the grantor, providing funds for the community project.
- In the deed, the grantor transferred ownership of the land to the city.
- The grantor of the scholarship required recipients to maintain a high GPA.
- A person who creates a trust and transfers assets into it.
- As the grantor, he retained the right to change the terms of the trust.
- The grantor of the trust set aside money for her grandchildren's education.
- The lawyer explained that the grantor could also be a beneficiary of the trust.
Synonyms