Understanding the meaning of trustee account - BoostVocab

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trustee account

/trə'sti_ə'kaʊnt/

Synonyms of trustee account Antonyms of trustee account Examples of trustee account Usage of trustee account Parts of trustee account Definition that contains trustee account Words sounding like trustee account Explanation of trustee account

noun
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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Similar:

savings account trust savings bank trust totten trust trust account

type of:
trust

Explanation of trustee account

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