bank trust department - Business Definition
bank trust department - Investment & Finance Definition
A department in a bank that administers trusts and guardianships. Trust departments manage trust funds for their clients and decide what investments to make. Trust departments also may manage assets for businesses, such as administering pension funds and acting as a trustee for corporate bonds or as a transfer agent. Generally, investments made by trustees are fairly conservative because they are intended to maintain existing wealth and limit risk.Webster's New World Finance and Investment Dictionary Copyright © 2010 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.