TRUSTEE ACCOUNT as NOUN

1. Meaning
   • 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(s)
   • savings account trust (what does savings account trust mean?)
   • savings bank trust (what does savings bank trust mean?)
   • Totten trust (what does Totten trust mean?)
   • trust account (what does trust account mean?)
   
   Hypernyms(s) trustee account is a kind of… Example: animal is a hypernym of mammal, plant is a hypernym of flower
   • trust (what does trust mean?)