Entrustment is the act or process of assigning responsibility or entrusting someone with a task, duty, or property, signifying a transfer of confidence and reliance in that person's ability to manage the entrusted matter. It often involves a formal agreement or understanding between parties, emphasizing trust and accountability in carrying out the assigned responsibilities.
Entrustment meaning with examples
- The CEO's entrustment of project management to his most experienced employee ensured that the new initiatives would be executed with proficiency and care, reflecting his confidence in their abilities.
- During the annual family meeting, the parents expressed their entrustment of their estate's management to their eldest child, believing their maturity and judgment would fulfill the family's legacy wishes.
- The bank's entrustment of clients' finances to financial advisors requires stringent regulations to guarantee that the advisors act in the best interest of their clients, thereby fostering trust within the financial system.
- In a mentorship program, the entrustment of knowledge from seasoned professionals to aspiring individuals creates a valuable learning environment, enhancing professional growth and building future leaders.
- The community's entrustment of the local charity organization with their donations highlights the importance of transparency and accountability, ensuring that funds are used wisely for the betterment of society.