trust company
noun
: an incorporated trustee
broadly : a corporation that functions as a corporate and personal trustee and usually also engages in the normal activities of a commercial bank
Example Sentences
Recent Examples on the Web For example, in one instance, a trust company with roughly $30 billion of crypto assets under custody has only a $7 million minimum capital requirement today. 
Caitlin Long, Forbes, 4 June 2022 However, many nonprofits contract with an outside administration provider—a bank or trust company—that is skilled with investing, financial, tax and reporting requirements. Kristen Jaarda, Forbes, 14 Mar. 2022 Dennis Gingold, a lawyer who co-founded the Colorado trust company, agreed. Jane Mayer, The New Yorker, 16 Apr. 2022 Makarov, the Russian billionaire, turned to Wyoming in late 2016, setting up a Wyoming trust and an unregulated private trust company to manage it, Pandora Papers documents show. Washington Post, 20 Dec. 2021 Celia María Agueda Munilla, the 83-year-old matriarch of the Baggio family in Argentina, also set up a trust overseen by an unregulated private trust company in Wyoming. Washington Post, 20 Dec. 2021 It’s the first fintech trust company to get approval, which occurred while Bloom Raskin was at Treasury. Megan Leonhardt, Fortune, 3 Feb. 2022 People will be able to exchange cryptocurrencies for stocks, which will be held in a trust company owned by the exchange. Gian M. Volpicelli, Wired, 26 Jan. 2022 Members of the Sackler family would give up ownership of the company, which would become a public trust company overseen by an independent board that would steer profits to addressing the crisis. Washington Post, 17 Dec. 2021 See More
Caitlin Long, Forbes, 4 June 2022 However, many nonprofits contract with an outside administration provider—a bank or trust company—that is skilled with investing, financial, tax and reporting requirements. Kristen Jaarda, Forbes, 14 Mar. 2022 Dennis Gingold, a lawyer who co-founded the Colorado trust company, agreed. Jane Mayer, The New Yorker, 16 Apr. 2022 Makarov, the Russian billionaire, turned to Wyoming in late 2016, setting up a Wyoming trust and an unregulated private trust company to manage it, Pandora Papers documents show. Washington Post, 20 Dec. 2021 Celia María Agueda Munilla, the 83-year-old matriarch of the Baggio family in Argentina, also set up a trust overseen by an unregulated private trust company in Wyoming. Washington Post, 20 Dec. 2021 It’s the first fintech trust company to get approval, which occurred while Bloom Raskin was at Treasury. Megan Leonhardt, Fortune, 3 Feb. 2022 People will be able to exchange cryptocurrencies for stocks, which will be held in a trust company owned by the exchange. Gian M. Volpicelli, Wired, 26 Jan. 2022 Members of the Sackler family would give up ownership of the company, which would become a public trust company overseen by an independent board that would steer profits to addressing the crisis. Washington Post, 17 Dec. 2021 See More Word History
First Known Use
1827, in the meaning defined above
Legal Definition
trust company
see company