/trʌˈstiːʃɪp/ – noun
Definition: sự giám hộ, sự bảo trợ, cương vị của người thụ thác, trách nhiệm của người sở hữu tín thác.
A more thorough explanation: Trusteeship refers to the legal responsibility held by a trustee to manage and administer property or assets on behalf of another person or entity, known as the beneficiary. The trustee is obligated to act in the best interests of the beneficiary and to follow the terms and conditions outlined in the trust agreement or relevant legal documents.
Example: The lawyer was appointed to oversee the trust and fulfill the duties of trusteeship on behalf of the beneficiaries.