Definitions for corporate trust
cor·po·rate trust

Princeton's WordNetRate this definition:0.0 / 0 votes

1. trust, corporate trust, combine, cartelnoun

   a consortium of independent organizations formed to limit competition by controlling the production and distribution of a product or service

   "they set up the trust in the hope of gaining a monopoly"

WikipediaRate this definition:0.0 / 0 votes

1. Corporate trust

   In the most basic sense of the term, A corporate trust is a trust created by a corporation.The term in the United States is most often used to describe the business activities of many financial services companies and banks that act in a fiduciary capacity for investors in a particular security (i.e. stock investors or bond investors). For example, instead of borrowing funds from a bank, a company might borrow funds from the general public in the form of a bond. When a bank lends money to a company, it may often inspect the company's financial statements to ensure that the company follows the rules (known as covenants) of the loan agreement, and may also attempt to negotiate a settlement if the company has problems and stops repaying its loan. In the situation of a public bond issuance (the company borrowing from anyone in the general public who chooses to lend the funds), there would be no one clear person who would be capable to monitor the loans on their own, and the investors would find it difficult to agree and communicate their agreement to the company to settle any problems with the loan repayments. Therefore, they agree as a condition of their bond borrowing to appoint a financial institution, known as a "corporate trustee", to be the responsible party for monitoring compliance with the loan terms, acting in interests of the general public who have purchased the bond. Another aspect of this service, which is often performed by a different party, is the distribution of the repayment from the company to the bondholders, this function is known as a "paying agent". In fact, modern bonds often appoint many different financial institutions to have special roles, based on their area of expertise (such as corporate trustee with an expertise in bankruptcy who is only called in if the company stops paying back the bond). Financial institutions receive fees for their services. Large corporate trust providers include Zions Bank, BOK Financial Corporation, U.S. Bank, Citi, Deutsche Bank, The Bank of New York Mellon, Wells Fargo, One Investment Group and BNP Paribas Securities Services [1].

ChatGPTRate this definition:0.0 / 0 votes

1. corporate trust

   A corporate trust is a legal business agreement or arrangement where a corporation appoints a trustee to manage various activities or operations such as securities administration, stock and bond issuance, conducting shareholders meeting, and other related services. This is mainly applied in complex debt instruments to ensure the terms of the contract are carried out in a fair and efficient manner. The primary aim of a corporate trust is to protect the interests of investors.

WikidataRate this definition:0.0 / 0 votes

1. Corporate trust

   In the most basic sense of the term, A corporate trust is a trust created by a corporation. However, the term in the United States is most often used to describe the business activities of many financial services companies and banks that involve acting in a fiduciary capacity for investors in a particular security. For example, instead of borrowing funds from a bank, a company might borrow funds from the general public in the form of a bond. When a bank lends money to a company, it may often inspect the company's financial statements to ensure that the company follows the rules of the loan agreement, and may also attempt to negotiate a settlement if the company has problems and stops repaying its loan. In the situation of a public bond issuance, there would be no one clear person who would be capable to monitor the loans on their own, and the investors would find it difficult to agree and communicate their agreement to the company to settle any problems with the loan repayments. Therefore, they agree as a condition of their bond borrowing to appoint a financial institution, known as a "corporate trustee", to be the responsible party for monitoring compliance with the loan terms, acting in interests of the general public who have purchased the bond. Another aspect of this service, which is often performed by a different party, is the distribution of the repayment from the company to the bondholders, this function is known as a "paying agent". In fact, modern bonds often appoint many different financial institutions to have special roles, based on their area of expertise. Financial institutions receive fees for their services.

Matched Categories

1. • Consortium

How to pronounce corporate trust?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say corporate trust in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of corporate trust in Chaldean Numerology is: 4

2. Pythagorean Numerology

   The numerical value of corporate trust in Pythagorean Numerology is: 2

References

1. ^ Princeton's WordNet
   http://wordnetweb.princeton.edu/perl/webwn?s=corporate trust
2. ^ Wikipedia
   https://en.wikipedia.org/wiki/Corporate_Trust
3. ^ ChatGPT
   https://chat.openai.com
4. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=corporate trust