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

See Examples For:

trust account

The companies expect gross proceeds of more than $420 million, funded by a combination of cash in NewHold’s trust account and an anchored private investment in public equity.

From The Wall Street Journal ● May 27, 2026

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

When M.C.’s family asked Elliott about the trust account or for bank statements, he “lulled them into compliance by getting upset and telling them that everything was under control,” according to the indictment.

From Los Angeles Times ● Mar. 8, 2025

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