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