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
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
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 See all Example Sentences for trust company 

Word History

First Known Use

1827, in the meaning defined above

Time Traveler
The first known use of trust company was in 1827

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 22 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

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