- 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
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.
In Mississippi any bank with a paid-up capital of $100,000 may do a trust-company business.
Slight differences between the requirements for trust-company reserves and those for state-bank reserves are chiefly of two kinds.
- a commercial bank or other enterprise organized to perform trustee functionsAlso called: trust corporation