Depository Trust Company

Business, Legal & Accounting Glossary

Definition: Depository Trust Company




What is the dictionary definition of Depository Trust Company?

Dictionary Definition


In the US, the Depository Trust Company (DTC) is a national clearing house for the settlement of trade in corporate and municipal securities and performs securities custody-related services for its participating banks and broker-dealers. DTC is owned by members of the financial industry and by their representatives who are its users.


Synonyms For Depository Trust Company


DTC

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American Psychological Association (APA):
Depository Trust Company. PayrollHeaven.com. Retrieved September 21, 2021, from PayrollHeaven.com website: https://payrollheaven.com/define/depository-trust-company/

Definition Sources


Definitions for Depository Trust Company are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 26th April, 2020 | 1 Views.