savings account trust

1 definition found

savings account trust - WordNet (r) 2.1 (2005) :

  savings account trust
      n 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 [syn: savings account trust,
           savings bank trust, trust account, trustee account,
           Totten trust]