What does trust company mean?

Definitions for trust company
trust com·pa·ny

Here are all the possible meanings and translations of the word trust company.

Princeton's WordNet

  1. trust company, trust corporation(noun)

    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

Freebase

  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 Resources

  1. trust company

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

How to pronounce trust company?

  1. Alex
    Alex
    US English
    Daniel
    Daniel
    British
    Karen
    Karen
    Australian
    Veena
    Veena
    Indian

How to say trust company in sign language?

  1. trustcompany

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.

Images & Illustrations of trust company

  1. trust companytrust companytrust companytrust companytrust company

Translation

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"trust company." Definitions.net. STANDS4 LLC, 2020. Web. 29 Mar. 2020. <https://www.definitions.net/definition/trust+company>.

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