Vocab Bloom Hub

trust corporation

/trʌst ˌkɔːpəˈreɪʃən/

1 entry

phrase

/trʌst ˌkɔːpəˈreɪʃən/C1formallegal
  • ruЮридическое лицо, обычно компания или организация, уполномоченное действовать в качестве доверительного управляющего, управляя активами или имуществом от имени других лиц, часто в контексте планирования наследства, управления инвестициями или фидуциарных услуг.

A legal entity, typically a company or organization, that is authorized to act as a trustee, managing assets or property on behalf of others, often in the context of estate planning, investment management, or fiduciary services.

  1. Financial entityC1formal

    A company or organization that acts as a trustee, managing assets and property on behalf of individuals or other entities.

    ruФинансовая организация

    • The trust corporation managed the estate according to the will.
    • Many wealthy families use a trust corporation to handle their investments.
    • The bank established a trust corporation to oversee charitable funds.