savings account trust

Noun
  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 (synset 113384538)
    is a type of: trust - something (as property) held by one party (the trustee) for the benefit of another (the beneficiary)
    same as: savings bank trust, totten trust, trust account, trustee account

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