Treuhandwesen

German

Etymology

Treuhand (trust/fiduciary) +‎ Wesen (system/entity).

Pronunciation

  • IPA(key): [ˈtʁɔɪ̯hantˌveːzn̩]
  • Hyphenation: Treu‧hand‧we‧sen

Noun

Treuhandwesen n (strong, genitive Treuhandwesens, plural Treuhandwesen)

  1. (finance, law) fiduciary affairs, trustee system (the entire sector or system dealing with the administration of assets by a third party on behalf of a beneficiary)
    Das schweizerische Treuhandwesen genießt weltweit einen Ruf für Diskretion und Professionalität.
    The Swiss fiduciary system enjoys a worldwide reputation for discretion and professionalism.
    Im Treuhandwesen ist das persönliche Vertrauensverhältnis zwischen Treugeber und Treuhänder die wichtigste Basis.
    In fiduciary affairs, the personal relationship of trust between the trustor and the trustee is the most important basis.

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