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TeachMeFinance.com - explain Loan and trust company historic definition... Loan and trust company -- An incorporated banking institution empowered by its charter to accept and execute trusts as provided by law; to receive deposits of money and other personal property and issue obligations therefor and to lend money on real and personal securities. Such an institution is not permitted to issue bills to circulate as money. It cannot lend money at more than the legal rate on time and is not obliged to keep a lawful money reserve. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2007 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.