trust company

listen to the pronunciation of trust company
English - Turkish
tröst şirketi
yatırım ortaklığı
yatırım danışmanlığı şirketi [amer.]
yatırım danışmanlığı şirketi
English - English
A corporation engaged in the business of serving as a trustee
An institution that specializes in managing Trusts Also called a Corporate Trustee
Safeguards funds and estates entrusted to it; may also serve as trustee, transfer agent, and registrar for corporations
(Fiducie) Organization which acts as a fiduciary, trustee, or agent for individuals and businesses in the administration of trust funds, estates, and custodial arrangements
Organization usually combined with a commercial bank, which is engaged as a trustee for individuals or businesses in the administration of Trust funds, estates, custodial arrangements, stock transfer and registration, and other related services
company that manages the businesses of its customers
A corporation formed for the purpose of taking, accepting, and executing lawfully established trusts, and acting as trustee
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
Such companies usually do more or less of a banking business
An organization that acts as a fiduciary and administers trusts
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
A company formed under The Loan and Trust Act and operates as a private intermediary and also acts as a deposit-accepting institution which also makes loans
a company licensed to provide trust services
A commercial bank or other corporation that manages trusts. Company, often a commercial bank, acting as trustee for individuals and businesses and providing related financial or estate-planning services. Trust services for individuals commonly include the administration of estates, living trusts (trusts that become effective during the lifetimes of their makers, or settlors), and testamentary trusts (trusts originating in a will). Services for businesses include the administration of corporate bond indentures and corporate pension funds. Trust companies may also serve as corporate stock registrars and as paying agents for the distribution of dividends
a financial institution that handles trust funds
Any corporation formed for the purpose of acting as trustee

Related Terms

Pollock v. Farmers' Loan and Trust Company
(1895) U.S. Supreme Court ruling that declared the federal income tax unconstitutional, thus voiding portions of an 1894 act that imposed a direct tax on the incomes of U.S. citizens and corporations. The decision was mooted in 1913 when ratification of the 16th Amendment to the U.S. Constitution gave Congress the power "to lay and collect taxes on incomes
Standard Oil Company and Trust
U.S. company and corporate trust that held a near monopoly over the U.S. oil industry from 1870 to 1911. The company originated in 1863, when John D. Rockefeller started a Cleveland, Ohio, refining firm, which, with other facilities, was incorporated as the Standard Oil Company in 1870. By 1880, through elimination of competitors, mergers, and use of favourable railroad rebates, it controlled the refining of 90-95% of all oil produced in the U.S. In 1882 Standard Oil and affiliated oil companies were combined in the Standard Oil Trust, which eventually included some 40 corporations. In 1892 the Ohio Supreme Court ordered the trust dissolved, but it continued to operate from headquarters in New York and later New Jersey. Its monopolistic practices were exposed in Ida Tarbell's History of the Standard Oil Company (1904), and after a lengthy antitrust suit by the U.S. government (see antitrust law), the Standard Oil empire was broken up in 1911. Although eight companies retained "Standard Oil" in their names after 1911, by the late 20th century the name had all but disappeared, even though former Standard Oil divisions continued to dominate the U.S. petroleum business. In 1931 Standard Oil Company of New York merged with Vacuum Oil Company (another trust company) to form Socony-Vacuum, which in 1966 became Mobil Oil Corp. Standard Oil (Indiana) absorbed Standard Oil of Nebraska in 1939 and Standard Oil of Kansas in 1948 and was renamed Amoco Corp. in 1985. Standard Oil of California acquired Standard Oil of Kentucky in 1961 and was renamed Chevron Corp. in 1984. Standard Oil Company (New Jersey) changed its name to Exxon Corp. in 1972. In 1987 British Petroleum Company PLC (BP) completed the purchase of Standard Oil Company (Ohio). Further consolidation occurred in 1998, when BP merged with Amoco, and in 2002, when Exxon merged with Mobil
trust company

    Hyphenation

    trust com·pa·ny

    Turkish pronunciation

    trʌst kʌmpıni

    Pronunciation

    /ˈtrəst ˈkəmpənē/ /ˈtrʌst ˈkʌmpəniː/
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