Definitions for trust company
trust com·pa·ny

Princeton's WordNetRate this definition:0.0 / 0 votes

1. trust company, trust corporationnoun

   an organization (usually with a commercial bank) that is engaged as a trustee or fiduciary or agent in handling trust funds or estates of custodial arrangements or stock transfers or related services

WikipediaRate this definition:0.0 / 0 votes

1. Trust Company

   A trust company is a company that specializes in the creation and administration of legal arrangements known as trusts.

ChatGPTRate this definition:0.0 / 0 votes

1. trust company

   A trust company is a legal entity that acts as a fiduciary, agent, or trustee on behalf of an individual or business entity for the purpose of administration, management, and eventual transfer of assets. It is usually appointed to oversee trusts, estates, custodial arrangements, asset management, stock transfer, and other related arrangements. This type of company is often affiliated with or part of a commercial bank or other financial institution.

WikidataRate this definition:0.0 / 0 votes

1. Trust company

   A trust company is a corporation, especially a commercial bank, organized to perform the fiduciary of trusts and agencies. It is normally owned by one of three types of structures: an independent partnership, a bank, or a law firm, each of which specializes in being a trustee of various kinds of trusts and in managing estates. Trust companies are not required to exercise all of the powers that they are granted. Further, the fact that a trust company in one jurisdiction does not perform all of the duties of a trust company in another jurisdiction is irrelevant and does not have any bearing on whether either company is truly a "trust company". Therefore, it is safe to say that the term "trust company" must not be narrowly construed. The "trust" name refers to the ability of the institution's trust department to act as a trustee – someone who administers financial assets on behalf of another. The assets are typically held in the form of a trust, a legal instrument that spells out who the beneficiaries are and what the money can be spent for. A trustee will manage investments, keep records, manage assets, prepare court accountings, pay bills medical expenses, charitable gifts, inheritances or other distributions of income and principal.

Suggested ResourcesRate this definition:0.0 / 0 votes

1. trust company

   Song lyrics by trust company -- Explore a large variety of song lyrics performed by trust company on the Lyrics.com website.

Matched Categories

1. • Financial Institution

How to pronounce trust company?

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 trust company in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of trust company in Chaldean Numerology is: 3

2. Pythagorean Numerology

   The numerical value of trust company in Pythagorean Numerology is: 5

Examples of trust company in a Sentence

1. Deutsche Bank spokeswoman Michele Allison:

   Bill's colleagues on the board of Deutsche Bank Trust Company of the Americas held him in high regard and valued his advice, he deeply influenced their thinking and actions.

References

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