What is the meaning of trust account?

A savings account deposited by someone who makes themselves the trustee for a beneficiary and who controls it during their lifetime; afterward the balance is payable to the previously named beneficiary.
- synonyms: savings account trust, savings bank trust, trustee account, Totten trust

|15 years ago|152 views|share |citing

APA	WordNet. (2010). trust account. Retrieved September 22, 2026, from http://smartdefine.org/trust_account/definitions/1317461
Chicago	WordNet. 2010. "trust account" http://smartdefine.org/trust_account/definitions/1317461 (accessed September 22, 2026).
Harvard	WordNet 2010, trust account, Smart Define, viewed 22 September, 2026, <http://smartdefine.org/trust_account/definitions/1317461>.
MLA	WordNet. "trust account" 23 October 2010. Web. 22 September 2026. <http://smartdefine.org/trust_account/definitions/1317461>

Alternative definitions by