trust account

American  

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.

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trust account British  

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

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Example Sentences

Crane Harbor is providing $225 million from its trust account to finance the transaction, with a remaining $275 million coming from a group of investors including several Canadian banks and AMD.

From Barron's • Mar. 10, 2026

Ultimately, the money from the sale of the house will go into mom’s trust account and be used to help her until her final days.

From MarketWatch • Jan. 19, 2026

“He treated that client trust account like a personal piggy bank,” Paetty said.

From Los Angeles Times • Aug. 7, 2024

Zhao paid a $175 million bail bond, with another $15 million held in a trust account, a court filing showed.

From Reuters • Nov. 22, 2023

So far, with the help of Jerome, she had managed to extract nearly three million dollars from Kaira’s trust account.

From "Small Steps" by Louis Sachar