The-definition.com

Definition

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:  Cite

More from this Section

  • Multiple-line insurance
    Multiple-line insurance is a type of insurance that combines several lines of insurance ...
  • Assessed valuation
    Assessed valuation is the value assigned to property by a municipality for the purpose ...
  • Electronic money (e-money)
    Electronic money (e-money) is the money that exists only in electronic form and substitutes ...
  • Annuity starting date
    Annuity starting date is the date when an annuitant starts receiving ...
  • TT Club
    TT Club means Through Transport Club – London based mutual, which provides ...