trust account

noun

1. an account of property established with a trust company by a grantor, for distribution during or after the grantor's lifetime.
2. Also called trustee account. Banking. a savings account over which the depositor, while living, has sole control as trustee, and which upon the death of the depositor becomes payable to the beneficiary.

trust account

noun

1. Also calledtrustee account a savings account deposited in the name of a trustee who controls it during his lifetime, after which the balance is payable to a prenominated beneficiary
2. property under the control of a trustee or trustees

Example Sentences

Girardi would then instruct Kamon to transfer money from client trust accounts and log the transfer as “attorney fees,” according to the agreement.

From Los Angeles Times

“He treated that client trust account like a personal piggy bank,” Paetty said.

From Los Angeles Times

The fees, part of the $282 million total, were either never deposited into a trust account or remained for only a day and were wired into a personal account, the complaint alleges.

From Los Angeles Times

Finally, they saw her uncle’s name on a patient trust account, showing the federal government owed him a few cents.

From Seattle Times

When Oher refused to cash what the statement calls “small profit checks” as part of his “shakedown effort,” the statement says the Tuohys deposited Oher’s share into a trust account set up for his son.

From Seattle Times