trust company


noun

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. 2019

Examples from the Web for trust company

  • 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
  • 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

British Dictionary definitions for trust company

trust company


noun

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