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trust company
noun
: 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
Consumers worldwide don’t trust company sustainability claims thanks to reports like the one that found 42% of green claims made online by companies were exaggerated, false or deceptive.
—Molly Peck, USA TODAY, 25 Oct. 2024
Even fewer trust companies to use their website visits, chat bot interactions, and phone calls to customer service to tailor services to their needs, leaving a significant gap for businesses to address.
—Isabelle Zdatny, Fortune, 24 Oct. 2024
For irrevocable trusts, the trustee can be a friend, family member, attorney, private fiduciary, or outside trust company—and the trustee can only be changed depending on what’s written in the administering documents.
—Alicia Adamczyk, Fortune, 30 Sep. 2024
For the first eight months of the year, American farmers had a limited need for capital, so excess funds held on deposit in state banks were shipped to New York banks or trust companies to earn a higher rate of return.
—Bob Pisani, CNBC, 11 Sep. 2024
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Word History
First Known Use
1827, in the meaning defined above
Dictionary Entries Near trust company
Cite this Entry
“Trust company.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/trust%20company. Accessed 5 Nov. 2024.
Kids Definition
trust company
noun
: a corporation (as a bank) organized to act as a trustee
Legal Definition
trust company
see company
More from Merriam-Webster on trust company
Britannica.com: Encyclopedia article about trust company
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