Meaning Of The Word Trust account

Real Dictionary

What's the definition of Trust account? Find Trust account meanings, definitions and more at the Real Dictionary online.

Trust account Meaning

Trust account Definition
Trust account Definition

What's The Definition Of Trust account?

trust account in American English
trust (sense 8) trust (sense 8c)
noun: an account of property established with a trust company by a grantor, for distribution during or after the grantor's lifetime

trust account in British English
noun: 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

trust account in Finance
noun: A trust account is an account that is held in trust for someone else, such as a minor or an estate.

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