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What (who) is trust company - definition
Trust Company
FINANCIAL INSTITUTION OFFERING CERTAIN SERVICES
Trust Companies; Trust companies; Trust (19th Century); TRUST Company; Preservation trust; Trust bank
A trust company is a company that specializes in the creation and administration of legal arrangements known as trusts.
Trust company
FINANCIAL INSTITUTION OFFERING CERTAIN SERVICES
Trust Companies; Trust companies; Trust (19th Century); TRUST Company; Preservation trust; Trust bank
A trust company is a corporation that acts as a fiduciary, trustee or agent of trusts and agencies. A professional trust company may be independently owned or owned by, for example, a bank or a law firm, and which specializes in being a trustee of various kinds of trusts.
Trust company
FINANCIAL INSTITUTION OFFERING CERTAIN SERVICES
Trust Companies; Trust companies; Trust (19th Century); TRUST Company; Preservation trust; Trust bank
·add. ·- Any corporation formed for the purpose of acting as trustee. Such companies usually do more or less of a banking business.
Examples of use of trust company
1. An employee trust company will own the remaining 3.5 per cent of the business.
2. "It was an ugly day," said James King, president and chief investment officer at National Penn Investors Trust Company.
3. Another 3,000 vehicles were used as collateral for NIS 180 million owed to a trust company named Aurora Fidelity.
4. Day, chairman of Trust Company of the West, and Kelly Day (wife). Xavier de Sarrau, French lawyer.
5. If a fund manager is a director of the investment trust company, they have to disclose their stakes.