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Totten trust   /tˈɑtən trəst/   Listen
Totten 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.  Synonyms: savings account trust, savings bank trust, trust account, trustee account.






WordNet 3.0 © 2010 Princeton University








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Words linked to "Totten trust" :   savings bank trust, trustee account, trust account, trust, savings account trust



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