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banking
A system of trading in money which involved safeguarding deposits and making funds available for borrowers, banking developed in the Middle Ages in response to the growing need for credit in ...
co-operative movement
An organization owned by and run for the benefit of its members. First developed in many of the new industrial towns in Britain at the end of the 18th century, the Cooperative Movement was largely an ...
credit union
A non-profitmaking cooperative that functions as a savings bank, taking deposits from savers and lending. A share account with a credit union pays a dividend rather than interest. These institutions ...
“dog-leg” claim
A claim for breach of trust by a beneficiary against the directors of a trust corporation. The directors would not, under normal company law principles, be potential targets for a trust beneficiary; ...
trust corporation (Banking; USA) Reference library
The Handbook of International Financial Terms
State-chartered financial institution that can undertake banking activities. Sometimes called a non-bank bank.
trust companies Reference library
Peter Baskerville
The Oxford Companion to Canadian History
Emerging in the 1870s, trust companies supplanted individuals as executors and trustees of personal and business estates. Catering to the wealthy, 14 trust companies operated in Canada in ...
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trustee
1 An individual or institution appointed by a borrower or security holder to represent his interests. See covenant; indenture.2 The manager of a trust.
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