savings account trust

savings account trust
noun
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
Hypernyms: ↑trust

Useful english dictionary. 2012.

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  • savings bank trust — noun 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 • Syn: ↑savings account trust, ↑trust… …   Useful english dictionary

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  • trust account — noun 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 • Syn: ↑savings account trust, ↑savings …   Useful english dictionary

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  • trust account — n. 1. TRUST (n. 8c) 2. a savings account in a bank, the balance of which, at the death of the depositor, goes to a predesignated beneficiary …   English World dictionary

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  • account — a record of a business transaction. When you buy something on credit, the company you are dealing with sets up an account . This means it sets up a record of what you buy and what you pay. You will do the same thing with any customers to whom you …   Financial and business terms

  • account — {{Roman}}I.{{/Roman}} noun 1 description ADJECTIVE ▪ brief, short ▪ blow by blow (informal), comprehensive, detailed, full, graphic ▪ …   Collocations dictionary

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