ALL meanings of trust account
trust ac·count
T t - 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
- noun trust account A trust account is an account that is held in trust for someone else, such as a minor or an estate. 0