Important Financial Investment Terms
Thousands of investors have told us they are confused by the investment jargon that is used by financial advisors. We also know some terms, that investors don't understand, are used by advisors as sales ploys. They establish themselves as experts when they define a term you may not understand.
There is an alternative. We have defined more than 1,500 commonly used financial terms. Look-up a definition by entering the term in the search engine or using the alphabetical search service.
Definition of 'Bank Trust Department'
A bank department that provides corporate trustee services: holding assets, collecting income, paying beneficiaries, administering trusts, processing transactions, providing guardianship services, making investment decisions, and settling estates. Most larger bank trust departments invest assets on behalf of clients and may offer proprietary investment products. Bank trust departments can be named in perpetuity because they never die