trust corporation
(Banking; USA). State-chartered financial institution that can undertake banking activities. Sometimes called a non-bank bank.
trust corporation (Banking; USA) Reference library
The Handbook of International Financial Terms
... corporation (Banking; USA) . State-chartered financial institution that can undertake banking activities. Sometimes called a non-bank bank...
trust corporation Quick reference
A Dictionary of Law (10 ed.)
... corporation The Public Trustee , or a corporation either appointed by the court to act as trustee or entitled under rules created under the Public Trustee Act 1906 to be a custodian trustee, or certain other persons (e.g. the Treasury Solicitor). A trust corporation may exercise all the powers that would otherwise require two trustees (e.g. selling land). The clearing banks and others have subsidiary companies that are trust corporations...
trust corporation Quick reference
A Dictionary of Finance and Banking (6 ed.)
... corporation 1. A corporate body that is permitted to act as a trustee . Any company incorporated in the UK that has £250,000 of issued capital (of which at least £100,000 must be paid up) is automatically entitled to act as a trustee, and other companies may be appointed to do so at the discretion of the court. A trust corporation may exercise all the powers that would otherwise require two trustees (e.g. selling land). The clearing banks have subsidiary companies that are trust corporations. 2. ( trust company ) In the USA, a non-banking...
Resolution Trust Corporation Quick reference
A Dictionary of Economics (5 ed.)
...Resolution Trust Corporation ( RTC ) A US federal agency set up in 1989 to wind up bankrupt thrifts . The RTC was funded by the federal government, and supervised by the Federal Deposit Insurance Corporation ( FDIC ). In 1995 its duties were transferred to the Savings Association Insurance Fund, now the Deposit Insurance Fund, of the...
Resolution Trust Corporation (USA) Reference library
The Handbook of International Financial Terms
...Trust Corporation ( RTC ) (USA) . The federal agency charged with supervising the reconstruction and bail out of savings and loan associations (S&Ls) established in 1989 . This need arose due to the general insolvency in the industry and the need to recapitalize many S&Ls in the late 1980s. The total cost was considered to be in the region of US$500 billion, spread over half a century. This is being achieved by borrowing large sums in the domestic bond market through the Resolution Funding Corporation...
Depository Trust and Clearing Corporation Quick reference
A Dictionary of Finance and Banking (6 ed.)
...Trust and Clearing Corporation ( DTCC ) The US central depository for stock exchange securities, established in New York City in 1972 . It provides clearance and settlement services through a number of subsidiaries, notably the National Securities Clearing Corporation . It is also used by option writers as a means of facilitating...
trust corporation
Resolution Trust Corporation
Depository Trust and Clearing Corporation
China International Trust and Investment Corporation
Democracy and Shura Reference library
Sadek J. Sulaiman
Liberal Islam: A Sourcebook
... 7. Freedom of action for individuals and groups, provided they do not infringe on the common good. From this derives the freedom to own property, the freedom to work, the freedom to pursue personal goals, and the freedom to form various associations and corporations. These elements are common to any bona fide democratic system. They are particularly well articulated in the American constitutional system under which we live and whose characteristics, as a great and...
Local Government Quick reference
R. W. Hoyle
The Oxford Companion to Local and Family History (2 ed.)
...the duties of the county bench diminished. Over the 18th century they lost control of the primary road system to turnpike trusts , corporate bodies established by statute to take charge of the repair and improvement of specific lengths of road. The importance of the trusts was not only that they were administratively efficient, but that they could tax road users and borrow on the security of future income. During the 18th century trusts proliferated, 562 being created between 1751 and 1815 ; the need for this to happen reveals the weakness of magisterial...
Medicine Reference library
An Oxford Companion to the Romantic Age
...of eighteenth-century medicine used to present a picture of an ordered, hierarchical, pyramidal medical profession, one with an élite of physicians at the top, a larger number of surgeons in the middle, and a heap of apothecaries at the foot. Medicine was regulated by corporations. Physicians commanded greatest prestige because they had been trained at university, and ‘physick’—the art of diagnosis and prescribing—was seen as a science of the mind involving book learning. Surgery, by contrast, carried less prestige because it was a manual art or craft,...
Religion Reference library
An Oxford Companion to the Romantic Age
...the Act of 1689 . They also played an important part in the repeal of the Test and Corporation Acts in 1828 , which removed the seventeenth-century impediments to participation of Dissenting laymen in national and local government. But by that time Unitarian Dissenting leadership was under challenge from the newly confident and burgeoning ranks of orthodox Dissent. Not only did Unitarians lose their traditional primacy, but they came close to losing the chapels and trust funds they had inherited from their Presbyterian forebears and were rescued only...
South Asian Genealogy Quick reference
Abi Husainy
The Oxford Companion to Local and Family History (2 ed.)
...offices may hold local government records from which family history information may be found. Registering births, marriages, and deaths is not mandatory in Bangladesh. No such registers exist in some rural areas. In towns they may be held at the city council or municipal corporation. During partition in 1947 , a successful attempt was made to divide archival material equally between East and West Bengal. In 1971 similar attempts were made to claim material from the Pakistan authorities relevant to East Bengal (East Pakistan), but not all records were...
Law Reference library
An Oxford Companion to the Romantic Age
...of the legislature, despite their modest claims to a merely declarative function. Moreover, in the absence of legislation for devolved local government, the central courts and their judges maintained some administrative functions. These took the form of the regulation of the corporations and parish rating authorities by *prerogative writ in King's Bench, as well as the practical supervision of local affairs through presentation by the grand jury at the twice-yearly assizes. After the abolition of the provincial councils and prerogative courts in the...
37 The History of the Book in Sub-Saharan Africa Reference library
Andrew Vlies
The Oxford Companion to the Book
...‘book’, but (not accidentally) sounds like the Hausa for ‘trickery’ (Ricard, 58–9 ). Similar enabling work was continued by the Nigerian Northern Region Literature Agency (until 1959 ), the Hausa Language Board, and, after independence, the Northern Nigeria Publishing Corporation ( 1967 ). The state government in Kano later funded a publishing company, Triumph, to produce two *newspapers in Hausa (one printed in Ajami). Such *vernacular literature bureaux and state-sponsored initiatives operated at various times across the continent, with varying...
2 Maccabees Reference library
R. Doran and R. Doran
The Oxford Bible Commentary
...a Hellenistic corporation was to be set up in Jerusalem whose members would be called Antiochenes ( Bickerman 1979 ); (4) that Jerusalem itself would now become a Greek polis , called Antioch-in-Jerusalem, and its citizens called Antiochenes ( Tcherikover 1961 ). The first three seem unlikely: even a king could not force a city to bestow en bloc citizenship on those of another city; Antiochus IV seems to have supported local traditions rather than instituted a new republic; the word for Antiochene always refers, not to members of a corporation, but to...
Romans Reference library
Craig C. Hill and Craig C. Hill
The Oxford Bible Commentary
...gifts in vv. 6–8 , which is more mundane than that found in 1 Cor 12:28 . ( Rom 12 includes gifts of exhortation, generosity, and compassion but not deeds of power, healings, and tongues. In Romans the gifts are not linked specifically to the activity of the Spirit, and the corporation of Christians is not referred to as ‘the body of Christ.’) Paul again counters disunity by challenging individual status seeking, but, outside of Corinth, he does not locate the problem specifically in the flaunting of spiritual gifts. The listing of maxims, as in vv. 9–21 ,...
