Trust-account
noun
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 as trustee, and which upon the death of the depositor becomes payable to the beneficiary.
trust account
noun
1.
Also called trustee 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
2.
property under the control of a trustee or trustees
Read Also:
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/ˌtrʌstəˈfɛərɪən/ noun 1. (sometimes capital) (Brit, informal) a young person from a wealthy background whose trust fund enables him or her to eschew conventional attitudes to work, dress, drug taking, etc
- Trustbuster
noun 1. a federal official who seeks to dissolve business trusts, especially through vigorous application of antitrust regulations. noun 1. (US, informal) a person who seeks the dissolution of corporate trusts, esp a federal official who prosecutes trusts under the antitrust laws
- Trust-company
noun 1. a company or corporation organized to exercise the functions of a trustee, but usually engaging also in other banking and financial activities. trust company noun 1. a commercial bank or other enterprise organized to perform trustee functions Also called trust corporation
- Trust-deed
noun 1. a written instrument legally conveying property to a trustee, such as a bank, often for the purpose of securing a mortgage or promissory note. noun 1. a document that transfers the legal title to property to a trustee
- Trusted
noun 1. reliance on the integrity, strength, ability, surety, etc., of a person or thing; confidence. 2. confident expectation of something; hope. 3. confidence in the certainty of future payment for property or goods received; credit: to sell merchandise on trust. 4. a person on whom or thing on which one relies: God is my […]