an account of property established with a trust company by a grantor, for distribution during or after the grantor's lifetime.
2.
Also called trustee account. Banking. a savings account over which the depositor, while living, has sole control as trustee, and which upon the death of the depositor becomes payable to the beneficiary.
Examples from the web for trust account
Instead, suitability to the trust account's purposes and beneficiaries' needs is considered the determinant.
Each offender has a non-interest bearing trust account where funds are deposited.
What if my client trust account is rarely used and typically has a small balance.
The education legacy trust account is created in the state treasury.
All moneys received or collected by a real estate broker for a client are required to be kept in a special trust account.
British Dictionary definitions for trust account
trust account
noun
1.
Also called trustee account. a savings account deposited in the name of a trustee who controls it during his lifetime, after which the balance is payable to a prenominated beneficiary
2.
property under the control of a trustee or trustees