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Từ vựng:

trust corporation

Giải nghĩa:

/trʌst kɔːrpəˈreɪʃən/ – Phrase


Definition: Tổ chức quản lý tín dụng.

A more thorough explanation: a company that works as a trustee, guardian or executor in the management of estates, trust funds and custodial arrangements (=deciding who will take care of a child or children)

Example: The new rules allow for the creation of trust corporations either as subsidiaries or affiliates of banks and non-bank financial institutions.