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