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A commercial bank or other corporation that manages trusts.
(Banking & Finance) a commercial bank or other enterprise organized to perform trustee functions. Also called: trust corporation
a company or corporation organized to exercise the functions of a trustee, but also engaging in the usual activities of a bank or financial institution.
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|Noun||1.||trust company - 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|