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trust company

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
1825-35, Americanism Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2015.
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Examples from the Web for trust-company
Historical Examples
  • 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
  • Bank and trust-company stocks possess one characteristic in higher degree than other classes of stock.

    How to Invest Money George Garr Henry
  • 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
  • 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
British Dictionary definitions for trust-company

trust company

a commercial bank or other enterprise organized to perform trustee functions Also 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
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