trust company

noun

: an incorporated trustee
broadly : a corporation that functions as a corporate and personal trustee and usually also engages in the normal activities of a commercial bank

Examples of trust company in a Sentence

Recent Examples on the Web Research shows that people are much more likely to buy from and trust companies with a purpose other than profit, Davidson explains. Bynick Rockel, Fortune, 10 May 2024 Eastern Point Trust Company is an expert settlement trust company that regularly works on QSFs, with notable defendants like Amazon, BP, and Volkswagen. Tyler Shepherd, USA TODAY, 10 May 2024 To exercise their Rights, Common Stockholders who hold their Common Stock through a broker, custodian, or trust company, should contact such entity to forward their instructions to either exercise or sell their Rights on their behalf. Charlotte Observer, 8 Apr. 2024 For ultra-wealthy families, establishing a private trust company has long been an option. Matthew Erskine, Forbes, 12 Feb. 2024 The issues for bank and trust companies eventually sparked a widespread panic with bank runs in many parts of the country. Bywill Daniel, Fortune, 17 Mar. 2024 Others like Colleen McKeown, the CHRO at real estate investment trust company Prologis, drilled down into more specifics. Paige McGlauflin, Fortune, 8 Jan. 2024 Angry demonstrators even protested recently outside of the office of the trust company, demanding payouts on high-yield products, according to videos posted on Chinese social media seen by CNN. Laura He, CNN, 21 Aug. 2023 The week before the theft, digital asset trust company BitGo had been negotiating with Sullivan & Cromwell, the law firm overseeing FTX’s bankruptcy process, to take custody of the firm’s remaining cryptocurrency holdings. Andy Greenberg, WIRED, 9 Oct. 2023

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'trust company.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

First Known Use

1827, in the meaning defined above

Time Traveler
The first known use of trust company was in 1827

Dictionary Entries Near trust company

Cite this Entry

“Trust company.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/trust%20company. Accessed 23 May. 2024.

Kids Definition

trust company

noun
: a corporation (as a bank) organized to act as a trustee

Legal Definition

trust company

see company

More from Merriam-Webster on trust company

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