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Trustee account   /trˌəstˈi əkˈaʊnt/   Listen
Trustee account

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, Totten trust, trust account.






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Words linked to "Trustee account" :   trust



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