- 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 companytrust company
trust company - Investment & 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 - Legal Definition