trust company


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

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 But will users want the tech industry’s least-trusted company facilitating video chats? Chavie Lieber, Vox, "Will people trust Facebook enough to put its new smart speaker in their homes?," 8 Oct. 2018 But generally, lawyers, trust companies, accountants and investment managers may be involved and thus will need to get paid. Ben Steverman,, "It’s a great time to be a wealthy heir after Trump's tax overhaul," 16 May 2018 The Freedmen’s Bank, a savings and trust company with deposits from the newly freed, was opened by the federal government in 1865. Kia Gregory, The New Republic, "Can divesting from America’s big financial institutions help fix racial inequality?," 31 May 2018 Both Gemini and itBit are registered trust companies and overseen by New York state, and Coinbase operates under the New York BitLicense program. Paul Vigna, WSJ, "New York Pushes Crypto Exchanges for More Transparency," 17 Apr. 2018 Consumers are trusting companies with vast amounts of intimate data and receiving very little assurance that it will be properly handled and secured. Jessi Hempel, WIRED, "Competition Is at the Heart of Facebook’s Privacy Problem," 24 Apr. 2018 What if instead of trusting companies to hold all your data the information always stayed with you, on your computer or a cloud storage provider of your choice? Brian Fung,, "Facebook's poor care of customer data is leading users to Mastodon," 23 Mar. 2018 In 2008, the Kansas City Business Journal reported that the co-owners of a trust company in Overland Park, Kan., called Benefit Trust purchased First Trust of Company of Onaga for an undisclosed amount. Rick Rothacker, charlotteobserver, "The story behind a small-town Kansas firm entangled in the Rick Siskey Ponzi case | Charlotte Observer," 12 Mar. 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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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

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a secret plot to overthrow a government

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