trust company

noun

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

trust company

noun

1. a commercial bank or other enterprise organized to perform trustee functions Also calledtrust corporation

Word History and Origins

Origin of trust company¹

An Americanism dating back to 1825–35

Example Sentences

“The vast majority of Californians, and American voters, want their leaders to prioritize AI safety and don’t trust companies to prioritize safety on their own.”

From Los Angeles Times

According to the FAA registry, the plane was registered to an Oklahoma aircraft trust company, which declined to comment when reached by telephone on Monday.

From Seattle Times

Signs of trouble at the Zhongzhi group first came to light in July when Zhongrong International Trust Co, a leading trust company controlled by Zhongzhi, missed payments on dozens of investment products.

From Reuters

The trustee that you use will be a brokerage firm, trust company, bank or credit union.

From Encyclopedia.com

Prospective grantors, typically the head of household or primary breadwinner in the family, should consult a law firm, CPA practice or a seasoned trust company for this purpose.

From Encyclopedia.com

Related Words

• fund
• stock
• store
• treasury