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trust account
noun
- an account of property established with a trust company by a grantor, for distribution during or after the grantor's lifetime.
- 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.
trust account
noun
- Also calledtrustee 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
- property under the control of a trustee or trustees
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Example Sentences
At Growing Generations you put that money in a trust account and they disperse it for you as the expenses come in.
From The Daily Beast
About six years ago I changed the deposits of your trust account to another bank.
From Project Gutenberg
The directors wanted to know a little about him, and they found it was a trust account.
From Project Gutenberg
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