/ˈsɛt.lɔr/ – Noun
Definition: xch SETTLER.
1. người định cư, người thường trú;
2. người định đoạt tài sản.
A more thorough explanation: A settlor is a person who creates a trust by transferring property to a trustee, with the intention of benefiting one or more beneficiaries. The settlor establishes the terms and conditions of the trust and may also be referred to as a trustor or grantor.
Example: The settlor established a trust fund for the benefit of his grandchildren.