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Meaning of SAVINGS ACCOUNT TRUST

 
WordNet Dictionary
 
 Definition: 
[n]  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 bank trust, Totten trust, trust account, trustee account
 
 See Also: trust

 

 

 

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