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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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