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trust company Definition

☆ trust company

noun

  1. a company formed to act as trustee
  2. 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.