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

But generally, lawyers, trust companies, accountants and investment managers may be involved and thus will need to get paid. Ben Steverman, latimes.com, "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, Philly.com, "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 In the case of the platform Gemini, it's regulated by the New York State Department of Financial Services as a trust company, according to its website. Bloomberg, latimes.com, "Bitcoin dives after SEC says cryptocurrency platforms must be registered," 7 Mar. 2018 Caring and high-trust company cultures with a sense of purpose and clarity are consistently associated with strong revenue and stock performance. Ed Frauenheim, Fortune, "The Best Companies to Work For Are Beating the Market," 27 Feb. 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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Last Updated

6 Sep 2018

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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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