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Treuhandgesellschaft

trust company

noun TROY-hant-ge-zel-shaft Rare

Also means

fiduciary company

Usage Note

Treuhandgesellschaft is a company holding assets in trust on behalf of another party, or managing assets under a fiduciary arrangement. The term became particularly prominent in the Treuhandanstalt that privatised East German state enterprises after 1990.

Examples

"Das Vermögen wurde über eine Treuhandgesellschaft verwaltet."

Natural Translation

The assets were managed through a trust company.

Literal Translation

The assets were via a trust-company managed.

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