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
English language
Toggle Transcript
trust account::noun | Spocien Dictionary
| Type | Words |
|---|---|
| Synonyms | savings account trust, savings bank trust, totten trust, trustee account |
| Type of | trust |
Examples of trust account
trust account
In no time at all I'll have a lot of comic books, and a huge trust fund account.
From the forbes.com
About $55,000 from the sale has been placed in a trust account, Ethington said.
From the sltrib.com
Walker could get more insurance by limiting the Totten trust account to $500,000.
From the investors.com
One of his employees misappropriated about $16,000 from the trust account in 2009.
From the orlandosentinel.com
According to court records, Handel did not maintain minimum trust account records.
From the news-journalonline.com
Life and mortgage insurance policies are in place, along with a trust account.
From the pe.com
May deposited personal funds totaling $45,000 into a client trust account.
From the al.com
Money used to buy savings stamps will be held in a separate trust account.
From the thisismoney.co.uk
Those fees must then be held in a trust account and only be spent on agreed-upon services.
From the sacbee.com
