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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trustee account::noun | Spocien Dictionary
| Type | Words |
|---|---|
| Synonyms | savings account trust, savings bank trust, totten trust, trust account |
| Type of | trust |
Examples of trustee account
trustee account
Thursday's censure will prevent Flores from using her trustee expense account.
From the chron.com
He is the beneficiary and trustee of the account, according to the SEC.
From the huffingtonpost.com
A parent, grandparent or guardian must be named on the account as a trustee.
From the guardian.co.uk
The company then acts as the trustee of your account and facilitates investments on your behalf.
From the sacbee.com
Citigroup will serve as corporate trustee and paying agent for the account, BP said.
From the cnn.com
The trustee should account for all expenses incurred in administering the trust, including the property sale.
From the sacbee.com
If the child is seven or under, a parent will need to act as trustee when opening the account.
From the guardian.co.uk
Bankruptcy trustee Irving Picard has frozen Chais's Goldman account, although there is no court order to do so.
From the foxbusiness.com
He received $230,000 between 1999 and 2004 as a trustee for an account that he did not turn over to the firm.
From the jsonline.com
