Definition Of

Trust Department Specialists

Specialists in a bank’s trust department provide a wide variety of customer services. They aid companies in managing their employee retirement programs, issuing securities, maintaining business records, and investing funds. Consumers also receive help in man aging their property and in building an estate for retirement. Men and women employed in bank trust departments usually posses a wide range of backgrounds in commercial and property law, real estate appraisal, securities investment strategies, financial statement analysis, and marketing.

Share it:

More from this Section

  • Bid Rate or buying rate
    Bid Rate is the exchange rate at which foreign exchange dealers are prepared to buy foreign exchange in the market from other dealers
  • Monetary base
    Monetary base is the sum of the Fed’s monetary liabilities (currency in circulation and reserves) and U.S. Treasury’s monetary liabilities (Treasury currency in circulation, primarily coins).
  • Liquid
    Liquid is the easily converted into cash.
  • Dynamic open market operation
    Dynamic open market operations means open market operations that are intended to change the level of reserves and the monetary base.
  • International Lending and Supervision Act
    International Lending and Supervision Act is the law passed by the U.S. Congress in 1983 that requires U.S. banks to hold stipulated
  • Currency diversification
    Currency diversification refers to the process of using more than one currency as an investing or financing strategy. Exposure to a diversified currency ...
  • ATA Carnet
    ATA Carnet (Admission Temporaire/Temporary Admission) is an international customs document for the temporary duty-free admission of goods