Meaning of the word "trust company" in English
What does "trust company" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
trust company
US /trʌst ˈkʌm.pə.ni/
UK /trʌst ˈkʌm.pə.ni/
Noun
a financial institution that manages assets and acts as a fiduciary, agent, or trustee for individuals or businesses
Example:
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The family decided to hire a trust company to manage their inheritance.
•
A trust company can serve as an executor of a will.
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