Limited Purpose Trust Company
- Limited Purpose Trust Company
- A trust company that has been chartered by the state to perform specific trust functions. These functions can include acting as a depositor or safekeeper for securities or mortgages. The Participants Trust Company is an example of a mortgage depositor trust.
The Depository Trust Company (DTC) in New York is another example of a limited purpose trust company. This trust holds securities in safekeeping for banks and investment firms. This allows them to make book-entry settlements on their trades.
Investment dictionary.
Academic.
2012.
Look at other dictionaries:
Purpose trust — Wills, trusts and estates … Wikipedia
Special-purpose acquisition company — A Special purpose acquisition company (SPAC) is a pooled investment vehicle that allows public stock market investors to invest in private equity type transactions, particularly leveraged buyouts. SPACs are shell or blank check companies that… … Wikipedia
trust — n 1 a: a fiduciary relationship in which one party holds legal title to another s property for the benefit of a party who holds equitable title to the property b: an entity resulting from the establishment of such a relationship see also… … Law dictionary
company — com·pa·ny n pl nies: an association of persons for carrying on a commercial or industrial enterprise compare corporation, partnership finance company: a company that makes usu. small short term loans to individuals growth company: a company that… … Law dictionary
trust — A legal entity created by a grantor for the benefit of designated beneficiaries under the laws of the state and the valid trust instrument. The trustee holds a fiduciary responsibility to manage the trust s corpus assets and income for the… … Black's law dictionary
Company — For other uses, see Company (disambiguation). Companies law … Wikipedia
Limited liability company — This article is about a U.S. specific business entity form. For limited liability companies in the United Kingdom, see Limited company. For a general discussion of entities with limited liability, see Corporation … Wikipedia
D'Oyly Carte Opera Company — Publicity poster for The Mikado, 1919 The D Oyly Carte Opera Company was a professional light opera company that staged Gilbert and Sullivan s Savoy operas. The company performed nearly year round in the UK and sometimes toured in Europe, North… … Wikipedia
AWB Limited — Infobox Company company name = AWB Limited company company type = Public company (asx|AWB genre = foundation = 1 July, 1999 founder = location city = location country = location = Melbourne, Australia origins = Australian Wheat Board key people … Wikipedia
Massachusetts Mutual Life Insurance Company — MassMutual Type Mutual company Industry Financial Services Founded Springfield, Massachusetts, USA (1851) Headquarters … Wikipedia
