trustee account

trustee 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
Hypernyms: ↑trust

* * *

trust account or trustee account noun
A savings account administered by a trustee, the balance of which can be left to a beneficiary
• • •
Main Entry:trust

Useful english dictionary. 2012.

Игры ⚽ Поможем написать курсовую

Look at other dictionaries:

  • trustee — an agent of the court who manages the property of the debtor for the benefit of the creditors. The court appoints a trustee in most Chapter 7 cases and in Chapter 11 cases when it determines that the debtor s management should not remain in their …   Glossary of Bankruptcy

  • Trustee — is a legal term that refers to a holder of property on behalf of a beneficiary. A trust can be set up either to benefit particular persons, or for any charitable purposes (but not generally for non charitable purposes): typical examples are a… …   Wikipedia

  • Trustee System — • In the exercise of inherent rights of administering property, the Church often appoints deputies Catholic Encyclopedia. Kevin Knight. 2006. Trustee System     Trustee System      …   Catholic encyclopedia

  • Trustee Savings Bank — Infobox Defunct Company company name = TSB Bank plc. company company type = Public foundation = 1985 (as TSB Bank plc.); 1810 (first Trustee Savings Bank) industry = Banking products = Banking location = London, England, UK defunct = 1995 fate =… …   Wikipedia

  • Trustee system (Catholic Church) — The Roman Catholic Church may employ laymen in the administration of ecclesiastical property; when laymen are among the trustees the Church endeavours, to have her own laws and principles carried out, as its trustee system, under canon law. The… …   Wikipedia

  • 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

  • trust account — 1. an account of property established with a trust company by a grantor, for distribution during or after the grantor s lifetime. 2. Also called trustee account. Banking a savings account over which the depositor, while living, has sole control… …   Universalium

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

  • Incorporated Trustee — A corporation, usually a trust company, which is named as the trustee of a private trust or other fiduciary account. Incorporated trustees stand in contrast to an individual person or natural trustee, who may also be selected as the trustee of… …   Investment dictionary

  • Health savings account — A Health Savings Account (HSA) is a tax advantaged medical savings account available to taxpayers in the United States who are enrolled in a High Deductible Health Plan (HDHP). The funds contributed to the account are not subject to federal… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”