trust company
trust company
Definition
☆ trust company
noun
- a company formed to act as trustee
- a bank organized to handle trusts and carry on all banking operations except the issuance of bank notes
trust company Finance Definition
A
financial organization, which may be part of a commercial bank, that acts as a
trustee, fiduciary, or agent for corporations or individuals. Typical work done
for individuals by a trust company includes administering trust funds or
estates. Work done for corporations by a trust company includes acting as a
stock transfer and registration agent and managing custodial relationships.
trust company
Law Definition
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.
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