Trust Company


Trust Company
A legal entity that acts as fiduciary, agent or trustee on behalf of a person or business entity for the purpose of administration, management and the eventual transfer of assets to a beneficial party. The entity acts as a custodian for trusts, estates, custodial arrangements, asset management, stock transfer, beneficial ownership registration and other related arrangements. A trust company does not own the assets its customers assign to its management, but it may assume some legal obligation to take care of assets on behalf of other parties.

A trust company or trust department is usually a division or an associated company of a commercial bank. Trusts and similar arrangements managed for eventual transfer are managed for profit, which may be taken out of the assets on an annual basis or upon transfer to the beneficial third party. There are often tax advantages associated with using trusts to transfer ownership of assets, but any trust arrangement should be made through qualified professionals that are capable of giving tax and legal advice.


Investment dictionary. . 2012.

Look at other dictionaries:

  • Trust Company — Жанры Альтернативный метал[1] Ню метал пост гранж[1] …   Википедия

  • Trust Company — Pays d’origine  États Unis Genre musical Neo metal Metal alternatif Années d activité …   Wikipédia en Français

  • trust company — see company Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. trust company n …   Law dictionary

  • Trust Company — Datos generales Origen Montgomery, Alabama, Estados Unidos …   Wikipedia Español

  • Trust company — Any corporation formed for the purpose of acting as trustee. Such companies usually do more or less of a banking business. [Webster 1913 Suppl.] …   The Collaborative International Dictionary of English

  • trust company — ☆ trust company n. 1. a company formed to act as trustee 2. a bank organized to handle trusts and carry on all banking operations except the issuance of bank notes …   English World dictionary

  • Trust company — A trust company is a corporation, especially a commercial bank, organized to perform the fiduciary functions of trusts and agencies. It is normally owned by one of three types of structures: an independent partnership, a bank or a law firm, each… …   Wikipedia

  • trust company — a company or corporation organized to exercise the functions of a trustee, but usually engaging also in other banking and financial activities. [1825 35, Amer.] * * * Company, often a commercial bank, acting as trustee for individuals and… …   Universalium

  • trust company — An organization that acts as a fiduciary and administers trusts. Bloomberg Financial Dictionary * * * trust company trust company ➔ company * * * trust company UK US noun [C] FINANCE, BANKING ► a company that manages money or property for other… …   Financial and business terms

  • trust company — trust′ com pany n. bus a company or corporation organized to exercise the functions of a trustee, but also engaging in the usual activities of a bank or financial institution • Etymology: 1825–35, amer …   From formal English to slang


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