trust company
nounDefinition 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
New York state is seeking to subpoena the offshore trust company used to control both Beacon and the British estate. — CBS News, "How Purdue Pharma's Sackler family hid their cash," 30 Aug. 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?," 30 Aug. 2019 In turn, some funds run by trust companies have halted payments of interest or principal to their own backers. — WSJ, "Strains Emerge in China’s $3 Trillion Financing Market," 11 July 2019 The rankings are determined by anonymous employee survey feedback on how much workers trust company leaders, whether people are treated with respect, fairness of workplace decisions, and camaraderie in the workplace. — Marcia Heroux Pounds, sun-sentinel.com, "Ultimate Software tops millennials workplace list," 11 July 2019 This fee may be more or less, depending on factors such as applicable state law, the family’s assets and the trust company. — Cheryl Winokur Munk, WSJ, "The Key to Protecting Your Assets—After Your Death," 21 Oct. 2018 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, latimes.com, "It’s a great time to be a wealthy heir after Trump's tax overhaul," 16 May 2018These 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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