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 The issues for bank and trust companies eventually sparked a widespread panic with bank runs in many parts of the country. Bywill Daniel, Fortune, 17 Mar. 2024 Others like Colleen McKeown, the CHRO at real estate investment trust company Prologis, drilled down into more specifics. Paige McGlauflin, Fortune, 8 Jan. 2024 Angry demonstrators even protested recently outside of the office of the trust company, demanding payouts on high-yield products, according to videos posted on Chinese social media seen by CNN. Laura He, CNN, 21 Aug. 2023 The week before the theft, digital asset trust company BitGo had been negotiating with Sullivan & Cromwell, the law firm overseeing FTX’s bankruptcy process, to take custody of the firm’s remaining cryptocurrency holdings. Andy Greenberg, WIRED, 9 Oct. 2023 Fears of financial contagion were stoked earlier this month when Zhongrong Trust, one of the country’s largest private trust companies, missed payments on several of its investment products to its investors. Laura He, CNN, 31 Aug. 2023 Financial institutions known as trust companies, which invest billions of dollars on behalf of companies and rich individuals, are staring at losses from risky loans handed out to real estate firms, prompting protest from angry investors. Alexandra Stevenson, New York Times, 21 Aug. 2023 But concerns have intensified this month following defaults by Country Garden, once the country’s largest developer by property sales, and Zhongrong Trust, a top trust company. Laura He, CNN, 21 Aug. 2023 Custodians include banks, credit unions, trust companies, loans and savings associations, and brokerage companies. The Salt Lake Tribune, 23 Feb. 2023

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'trust company.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

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 29 Mar. 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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