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
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savings account trust::noun | Spocien Dictionary
| Type | Words |
|---|---|
| Synonyms | savings bank trust, totten trust, trust account, trustee account |
| Type of | trust |
Examples of savings account trust
savings account trust
Money used to buy savings stamps will be held in a separate trust account.
From the thisismoney.co.uk
According to court records, Rozefort transferred $100,000 in funds from a trust account to his personal savings account from Sept. 2009 to Jan. 2010.
From the orlandosentinel.com
Public trust took a severe knock last month, when the Cyprus government proposed raiding the savings of every bank account holder to meet the terms of a European bailout.
From the rendezvous.blogs.nytimes.com
