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trust company
trust companyn. A commercial bank or other corporation that manages trusts.trust company n (Banking & Finance) a commercial bank or other enterprise organized to perform trustee functions. Also called: trust corporation trust′ com`pany
n. a company or corporation organized to exercise the functions of a trustee, but also engaging in the usual activities of a bank or financial institution. [1825–35, Amer.] Thesaurus| Noun | 1. |  trust company - an organization (usually with a commercial bank) that is engaged as a trustee or fiduciary or agent in handling trust funds or estates of custodial arrangements or stock transfers or related servicestrust corporationfinancial institution, financial organisation, financial organization - an institution (public or private) that collects funds (from the public or other institutions) and invests them in financial assets |
Trust Company
Trust CompanyA corporation formed for the purpose of managing property set aside to be used for the benefit of individuals or organizations. The settlor (the individual who creates the trust) names the trust company in order to ascertain that the property will be handled in accordance with his or her wishes as delineated in the terms of the trust. Trust companies sometimes act as fiscal agents for corporations by attending to the registration and transfer of their stocks and bonds, serving as a trustee for their bond and mortgage creditors, and transacting general banking and loan business. Trust company
Trust companyAn organization that acts as a fiduciary and administers trusts.Trust CompanyA company, usually a division of a bank or brokerage, that acts as a trustee. In this relationship, one party, known as the trustor, gives to the trustee the right to hold and invest assets or property on behalf of a third party, known as the beneficiary. Most trusts exist to provide for the financial future of a minor child or mentally incompetent person, or may benefit charitable organizations. Many trusts are exempt from taxation on money given to the beneficiary, but trust companies may charge a fee in order to administer the assets. See also: Trust.AcronymsSeeTCOtrust company
Synonyms for trust companynoun an organization (usually with a commercial bank) that is engaged as a trustee or fiduciary or agent in handling trust funds or estates of custodial arrangements or stock transfers or related servicesSynonymsRelated Words- financial institution
- financial organisation
- financial organization
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