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 In short order, though, the Texas insurance commission and the SEC caught up with May on various financial improprieties; the federal government seized his trust company, which turned out to include the deed to Falwell Sr. Chris Lehmann, The New Republic, "Jerry Falwell Jr.’s Filthy, Predatory Finances," 25 Aug. 2020 The trusts are sponsored by banks and trust companies, and so are primarily overseen by banking regulators. Bailey Mccann, WSJ, "CITs, the Not-Exactly Mutual Funds, Are on Pace to Hit $3 Trillion," 3 June 2018 New York state is seeking to subpoena the offshore trust company used to control both Beacon and the British estate. San Diego Union-Tribune, "Correction: Opioid Crisis-Where’s the Money? story," 24 Sep. 2019 New York state is seeking to subpoena the offshore trust company used to control both Beacon and the British estate. San Diego Union-Tribune, "Correction: Opioid Crisis-Where’s the Money? story," 24 Sep. 2019 New York state is seeking to subpoena the offshore trust company used to control both Beacon and the British estate. San Diego Union-Tribune, "Correction: Opioid Crisis-Where’s the Money? story," 24 Sep. 2019 Another prominent original occupant — the trust company occupied about half the building — was the Los Angeles law firm now known as O’Melveny & Myers. Los Angeles Times, "Spring Street’s revival spreads to a downtown landmark: the Trust Building," 20 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. Washington Post, "Where did the Sacklers move cash from their opioid maker?," 5 Sep. 2019

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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Time Traveler for trust company

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The first known use of trust company was in 1827

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Cite this Entry

“Trust company.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/trust%20company. Accessed 24 Nov. 2020.

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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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