Any corporation formed for the purpose of acting as trustee. Such companies usually do more or less of a banking business.
Organization which acts as a fiduciary, trustee, or agent for individuals and businesses in the administration of trust funds, estates, and custodial arrangements.
an organization (usually with a commercial bank) that is engaged as a trustee or fiduciary or agent in handling trust funds or estates of custodial arrangements or stock transfers or related services
A financial institution that operates under either provincial or federal legislation, and conducts activities similar to those of a bank. However, because of its fiduciary role, a trust company can administer estates, trusts, pension plans and agency contracts, which banks cannot do directly.
An organization that acts as a fiduciary and administers trusts.
Same or similar to "commercial bank." See also "commercial bank."... read full article
a financial institution, similar to a bank, that can take deposits and make loans; trust companies often provide other specialized services that banks cannot, like administering estates and pension plans