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Noun: trustee account  trú'steeu'kawnt
  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
    - savings account trust, savings bank trust, trust account, Totten trust

Derived forms: trustee accounts

Type of: trust

Nearest

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Trusteeship Council
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