Trust Company Definition
noun
A company formed to act as trustee.
Webster's New World
A bank organized to handle trusts and carry on all banking operations except the issuance of bank notes.
Webster's New World
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.
Webster's New World Law
Synonyms:
- trust corporation
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