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trust company |
Also found in: Dictionary/thesaurus, Legal, Financial, Wikipedia | 0.03 sec. |
trust companyCompany, often a commercial bank, acting as trustee for individuals and businesses and providing related financial or estate-planning services. Trust services for individuals commonly include the administration of estates, living trusts (trusts that become effective during the lifetimes of their makers, or settlors), and testamentary trusts (trusts originating in a will). Services for businesses include the administration of corporate bond indentures and corporate pension funds. Trust companies may also serve as corporate stock registrars and as paying agents for the distribution of dividends. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| These days, family offices typically exist in cyberspace and are run by banks and trust companies such as J. 05, page 12) the first paragraph citing the growth of the profession and the trend toward periodic audits by CPAs noted, "Banks, trust companies and insurance companies have more recently adopted the same plan as a guarantee of security to depositors and policyholders, and the best method of protecting against fraud. While many legitimate reasons do exist for reserves to spike unexpectedly in November and December, most agents do not trust companies. |
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