English dictionary
savings account trust meaning and definition
Definition and meaning of savings account trust at MeaningMonkey.org. savings account trust meaning and definition in the English Dictionary.SAVINGS ACCOUNT TRUST noun
Definition of savings account trust (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
- synonyms: savings bank trust, Totten trust, trust account, trustee account
Source: Princeton University Wordnet