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Totten trust

American  
[tot-n] / ˈtɒt n /

noun

Law.

  1. a trust created by opening a savings account in which the depositor is trustee for another, such trust being revocable at any time during the depositor's lifetime.

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023

Idioms from The American Heritage® Idioms Dictionary copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.