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Meaning of TRUSTEE ACCOUNT

Pronunciation:  tru'steeu'kawnt

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
 
 Websites: 
 
 Synonyms: savings account trust, savings bank trust, Totten trust, trust account
 
 See Also: trust

 

 

 

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