Corporate Trust

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Corporate Trust

The function of servicing and maintaining records for debt securities issued by a corporation.

Corporate Trust

A trust that a corporation creates to secure a bond or other debt security. That is, a corporate trust is effectively money set aside to ensure that bondholders are covered in the event of default on the issue.

References in periodicals archive ?

corporate trust business of Fuji Bank & Trust Co., a New York-based U.S.

Chase Manhattan to buy Fuji Bank & Trust's trust division

Corporate trusts are a low-margin portion of the overall trust market.

"We are starting to gear up in the corporate trust business because there's not a lot of other people who will do this," says Mike O'Brien, president and chief executive officer of First Commercial Trust Co.

Banks vie for trust accounts

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