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trust account
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noun
an account of property established with a trust company by a grantor, for distribution during or after the grantor's lifetime.
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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QUIZ YOURSELF ON "WAS" VS. "WERE"!
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âWasâ is used for the indicative past tense of âto be,â and âwereâ is only used for the subjunctive past tense.
Words nearby trust account
trussed, truss hoop, trussing, truss rod, trust, trust account, trustafarian, trustbuster, trust busting, trust company, trust deed
Dictionary.com Unabridged
Based on the Random House Unabridged Dictionary, © Random House, Inc. 2022
How to use trust account in a sentence
British Dictionary definitions for trust account
trust account
noun
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
property under the control of a trustee or trustees
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
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