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What is trust company? definition and meaning ...

trust company: Business organized specifically for entering into fiduciary relationships with individuals and organization to as act as an executor, guardian, or trustee in administration of custodial arrangements, estates, and trust funds. Trust companies also act as fiscal agents and paying agents for corporations and governments who have ...…

What Is a Trust Company, and What Do They Do? - SmartAsset

Jul 18, 2019 · A trust company is an entity, often a division of a commercial bank, that can serve as an agent or trustee to either a personal or business trust. Rather than choosing an individual to act as trustee, a trust company can fill the same role. The company will manage the trust and oversee the eventual transfer of assets to beneficiaries.…

Trust company financial definition of Trust company

Trust company An organization that acts as a fiduciary and administers trusts. Trust Company A company, usually a division of a bank or brokerage, that acts as a trustee. In this relationship, one party, known as the trustor, gives to the trustee the right to hold and invest assets or property on behalf of a third party, known as the beneficiary. Most ...…

Trust Company legal definition of Trust Company

Trust Company. A corporation formed for the purpose of managing property set aside to be used for the benefit of individuals or organizations. The settlor (the individual who creates the trust) names the trust company in order to ascertain that the property will be handled in accordance with his or her wishes as delineated in the terms of the trust.…

What does trust company mean? - definitions

Definition of trust company in the Definitions.net dictionary. Meaning of trust company. What does trust company mean? Information and translations of trust company in the most comprehensive dictionary definitions resource on the web.…