Definition of Savings account trust

WordNet 2.0
savings account trust

Noun
1. 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
(synonym) savings bank trust, trust account, trustee account, Totten trust
(hypernym) trust

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Savings account trust definition was found in categories: Language, Idioms & Slang(1)  

Savings account trust Definition from Language, Idioms & Slang Dictionaries & Glossaries

hEnglish - advanced version
savings account trust

savings account trust
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 [syn: savings bank trust, trust account, trustee account, totten trust]