English dictionary
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English noun: Totten trust | |||
| 1. | Totten trust (possession) 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, trust account, trustee account | ||
| Broader (hypernym) | trust | ||
Based on WordNet 3.0 copyright © Princeton University.
Web design: Orcapia v/Per Bang. English edition: .
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Web design: Orcapia v/Per Bang. English edition: .
2024 onlineordbog.dk