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trust company |
Also found in: Dictionary/thesaurus, Legal, Financial, Wikipedia | 0.04 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. |
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? Mentioned in | ? References in classic literature | |
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Daylight lost three millions before he was done with it, and before he was done with it he saw the California & Altamont Trust Company hopelessly wrecked, and Charles Klinkner a suicide in a felon's cell. Alliston Forbes--wrecked the Alta California Trust Company an' salted down two cold millions. |
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trust company
