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