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 2019, members of his family finalized the transfer of several trusts with assets worth $14 million from the Bahamas to a trust company in Sioux Falls. Washington Post, 9 Oct. 2021 Citibank’s trust and estate planning office promptly hired McDowell to charter a trust company in South Dakota. Timothy Noah, The New Republic, 6 Oct. 2021 His four daughters, who are trust beneficiaries and dual U.S. citizens, did not respond to questions about why the shares and other assets were moved to South Dakota from a trust company in the Bahamas. Anchorage Daily News, 4 Oct. 2021 Thiel, a fan of J.R.R. Tolkien, by then had brought his Roth under the auspices of a family trust company called Rivendell Trust. Justin Elliott, ProPublica, 12 Aug. 2021 Thiel, a fan of J.R.R. Tolkien, by then had brought his Roth under the auspices of a family trust company called Rivendell Trust. Justin Elliott, ProPublica, 12 Aug. 2021 The company would be reformed into a public trust company overseen by an independent board that would steer profits to addressing the crisis. BostonGlobe.com, 1 Sep. 2021 The company would be reformed into a public trust company overseen by an independent board that would steer profits to addressing the crisis. Washington Post, 1 Sep. 2021 Thiel, a fan of J.R.R. Tolkien, by then had brought his Roth under the auspices of a family trust company called Rivendell Trust. Justin Elliott, ProPublica, 12 Aug. 2021

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

Time Traveler

The first known use of trust company was in 1827

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Dictionary Entries Near trust company

trust certificate

trust company

trustee

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Statistics for trust company

Last Updated

16 Oct 2021

Cite this Entry

“Trust company.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/trust%20company. Accessed 7 Dec. 2021.

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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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