trust company
1
5.3
- noun
- /trʌst ˈkʌmpəni/
- Specialized
:
compañía fiduciaria
- Many people rely on a trust company to administer their financial assets and protect their interests after they pass away.
Because of the lower reserves, trust companies could take more risk by investing more of their deposits and thus pay a higher interest rate than banks could.
- Because of the lower reserves, trust companies could take more risk by investing more of their deposits and thus pay a higher interest rate than banks could.
Examples
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Mr. Hamilton Gregory, state street trust company.
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A trust company can help manage a family's estate and ensure that the wishes of the deceased are fulfilled.
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These units were generally chartered under state corporation laws rather than under state banking or trust company laws.
Academic text (1998) -
For one, a very large class of trust companies and other financial intermediaries exists.
Blog text (29) -
"The trust company will have every right "to question any item that seems unusual or eccentric.
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Because of the lower reserves, trust companies could take more risk by investing more of their deposits and thus pay a higher interest rate than banks could.
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American Stock Transfer & Trust Company, a financial services provider in Brooklyn, has mentored LaGuardia students and offered internships for three years.
Academic text (2016) -
After the enactment of that act, national banks were at a disadvantage with respect to trust companies and state-chartered banks because they could not offer trust services, and their ability to offer securities services was very limited.
Academic text (1998) -
The number of state banks involved in securities activities includes state-chartered banks, savings, and loan and trust companies. Figures in parentheses indicate the percentage of all banks that had a national and a state charter, respectively.
Academic text (1998) -
There are numerous cases of trust companies in the Isle of Jersey and Guernsey (Channel Islands, UK), charging exorbitant fees without the approval of the beneficiaries and without your knowledge.
Blog text (34)
Synonyms
1
6.3
A company, often a bank, that manages money and property for other people
How Active
Surface Forms
Morphology
The meaning is directly compositional: 'trust' (a legal arrangement for holding assets) + 'company' (an organization) yields a company that manages trusts. Although the concept is somewhat institutional/technical, the core sense is transparent and can be inferred by a B1 learner who knows both constituent meanings.
Etymology
The noun trust company comes from firms that hold and look after money or property 'in trust' for other people. So a trust company today is a business that acts as a 'trustee' and manages money and estates for clients.