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trust company

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noun
  1. a company or corporation organized to exercise the functions of a trustee, but usually engaging also in other banking and financial activities.

Origin of trust company

An Americanism dating back to 1825–35
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018

Examples from the Web for trust company

Historical Examples

  • Bank and trust-company stocks possess one characteristic in higher degree than other classes of stock.

    How to Invest Money

    George Garr Henry

  • The Illinois bank act of 1887 provided that any bank might have power to execute trusts by complying with the trust-company law.

    Readings in Money and Banking

    Chester Arthur Phillips

  • In Mississippi any bank with a paid-up capital of $100,000 may do a trust-company business.

    Readings in Money and Banking

    Chester Arthur Phillips

  • Slight differences between the requirements for trust-company reserves and those for state-bank reserves are chiefly of two kinds.

    Readings in Money and Banking

    Chester Arthur Phillips


British Dictionary definitions for trust company

trust company

noun
  1. a commercial bank or other enterprise organized to perform trustee functionsAlso called: trust corporation
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012