savings bank trust (Meaning)
savings bank trust (n)
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 & Antonyms of savings bank trust
No Synonyms and anytonyms found
savings bank trust Sentence Examples
- The savings bank trust provided financial stability for the elderly woman.
- The couple placed their retirement savings in a savings bank trust to preserve their funds.
- The lawyer meticulously drafted the savings bank trust to ensure the beneficiaries' inheritance.
- The trust officer at the savings bank advised the family on the advantages of establishing a savings bank trust.
- The trust agreement detailed the distribution of funds from the savings bank trust upon the trustor's passing.
- By establishing a savings bank trust, the man safeguarded his savings from creditors and taxes.
- The savings bank trust company offered a range of investment options to meet the beneficiaries' needs.
- The beneficiaries of the savings bank trust received regular income payments to supplement their living expenses.
- The trust department at the savings bank provided ongoing management and administration of the savings bank trust.
- The savings bank trust provided peace of mind to the family, knowing that their financial future was secure.
FAQs About the word savings bank trust
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 pa
No synonyms found.
No antonyms found.
The savings bank trust provided financial stability for the elderly woman.
The couple placed their retirement savings in a savings bank trust to preserve their funds.
The lawyer meticulously drafted the savings bank trust to ensure the beneficiaries' inheritance.
The trust officer at the savings bank advised the family on the advantages of establishing a savings bank trust.
