trust account

trust ac·count

T t

Definitions of trust account words

noun trust account an account of property established with a trust company by a grantor, for distribution during or after the grantor's lifetime. 1
noun trust account Also called trustee account. Banking. a savings account over which the depositor, while living, has sole control as trustee, and which upon the death of the depositor becomes payable to the beneficiary. 1
noun trust account a savings account deposited in the name of a trustee who controls it during his lifetime, after which the balance is payable to a prenominated beneficiary 0
noun trust account property under the control of a trustee or trustees 0
noun trust account trust (sense 8) trust (sense 8c) 0
noun trust account a savings account in a bank, the balance of which, at the death of the depositor, goes to a predesignated beneficiary 0

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This term is known only to a narrow circle of people with rare knowledge. Only 7% of English native speakers know the meaning of this word.

According to our data most of word are more popular. This word is almost not used. It has a much more popular synonym.

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