trust account English

Meaning trust account meaning

What does trust account mean?

trust account

— noun (= savings account trust) 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

Synonyms trust account synonyms

What other words have the same or similar meaning as trust account?

trust account English » English

trustee account

savings bank trust

savings account trust

Totten trust

fiduciary account

closing the trustee’s books

account in trust