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 calledtrustee 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

Example Sentences

The Kajis say a portion of the revenue from the family business goes into trust accounts they’ve established for their children, and they have put all of Ryan’s TV earnings into another trust.

From Time

At Alford’s behest, according to the indictment, Don Gaetz met with an attorney to discuss how the money could be transferred to a trust account of his firm.

From Washington Post

At Growing Generations you put that money in a trust account and they disperse it for you as the expenses come in.

From The Daily Beast

About six years ago I changed the deposits of your trust account to another bank.

From Project Gutenberg

The directors wanted to know a little about him, and they found it was a trust account.

From Project Gutenberg