trust company

noun

Definition of trust company

: 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

New York state is seeking to subpoena the offshore trust company used to control both Beacon and the British estate. Washington Post, "Where did the Sacklers move cash from their opioid maker?," 5 Sep. 2019 New York state is seeking to subpoena the offshore trust company used to control both Beacon and the British estate. Washington Post, "Where did the Sacklers move cash from their opioid maker?," 5 Sep. 2019 New York state is seeking to subpoena the offshore trust company used to control both Beacon and the British estate. CBS News, "How Purdue Pharma's Sackler family hid their cash," 30 Aug. 2019 New York state is seeking to subpoena the offshore trust company used to control both Beacon and the British estate. Washington Post, "Where did the Sacklers move cash from their opioid maker?," 30 Aug. 2019 In turn, some funds run by trust companies have halted payments of interest or principal to their own backers. WSJ, "Strains Emerge in China’s $3 Trillion Financing Market," 11 July 2019 The rankings are determined by anonymous employee survey feedback on how much workers trust company leaders, whether people are treated with respect, fairness of workplace decisions, and camaraderie in the workplace. Marcia Heroux Pounds, sun-sentinel.com, "Ultimate Software tops millennials workplace list," 11 July 2019 This fee may be more or less, depending on factors such as applicable state law, the family’s assets and the trust company. Cheryl Winokur Munk, WSJ, "The Key to Protecting Your Assets—After Your Death," 21 Oct. 2018 Shadow banking, which includes things like lending by nonbank financial institutions such as trust companies, contracted by 3.6 trillion yuan ($523 billion), or around 5%, in the first three quarters of this year, according to Moody’s. Andrew Peaple, WSJ, "China’s Battle Against Shadow Banking Slips Into Stop-Start Mode," 4 Dec. 2018

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'trust company.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of trust company

1827, in the meaning defined above

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Statistics for trust company

Last Updated

18 Oct 2019

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The first known use of trust company was in 1827

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More Definitions for trust company

trust company

Legal Definition of trust company

see company

More from Merriam-Webster on trust company

Britannica.com: Encyclopedia article about trust company

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