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trust company definition - legal

n

A financial organization that specializes in providing services such as acting as a trustee, fiduciary, or agent for individuals and companies. Trust companies typically provide transfer agents to administer funds and manage investments. Trust companies are regulated by the government and often provide banking services.

Webster's New World Law Dictionary Copyright © 2006 by Wiley Publishing, Inc., Hoboken, New Jersey.
Used by arrangement with John Wiley & Sons, Inc.

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