
Meaning of TRUSTEE ACCOUNT
| Pronunciation: | | tru'steeu'kawnt
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WordNet Dictionary |
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[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 |
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| | Synonyms: | | savings account trust, savings bank trust, Totten trust, trust account |
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| | See Also: | | trust | |
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