a savings account deposited in the name of a trustee who controls it during his or her lifetime, after which the balance is payable to a prenominated beneficiary
2.
property under the control of a trustee or trustees
trust account in American English
1.
trust (sense 8) trust (sense 8c)
2.
a savings account in a bank, the balance of which, at the death of the depositor, goes to a predesignated beneficiary
trust account in Finance
(trʌst əkaʊnt)
Word forms: (regular plural) trust accounts
noun
(Finance: Investment)
A trust account is an account that is held in trust for someone else, such as a minor or an estate.
It may be illegal to take money out of a trust account and not use it for the benefit of the beneficiary.
The inheritance money will be held in a trust account for her until her 21st birthday.
A trust account is an account that is held in trust for someone else, such as a minor or an estate.
Examples of 'trust account' in a sentence
trust account
We can even arrange for your bank to transfer funds from your account into the prearrangement trust account each month.
Pickard, Nancy NO BODY (1999)
"I'll wire it to your trust account today, and you can issue the check.