Definition of Trust Account in English :

Define Trust Account in English

Trust Account meaning in English

Meaning of Trust Account in English

Pronunciation of Trust Account in English

Trust Account pronunciation in English

Pronounce Trust Account in English

Trust Account

see synonyms of trust account

Noun

1. savings account trust, savings bank trust, totten trust, trust account, trustee account

a savings account deposited by someone who makes themselves the trustee for a beneficiary and who controls it during their lifetime; afterward the balance is payable to the previously named beneficiary

WordNet Lexical Database for English. Princeton University. 2010.


Trust Account

see synonyms of trust account
noun
1. Also called: trustee account
a savings account deposited in the name of a trustee who controls it during his or her lifetime, after which the balance is payable to a prenominated beneficiary
2. 
property under the control of a trustee or trustees

Collins English Dictionary. Copyright © HarperCollins Publishers


Trust Account

see synonyms of trust account
1. 
trust (sense 8) trust (sense 8c)
2. 
a savings account in a bank, the balance of which, at the death of the depositor, goes to a predesignated beneficiary

Webster’s New World College Dictionary, 4th Edition. Copyright © 2010 by Houghton Mifflin Harcourt. All rights reserved.