trust account (Meaning)
trust account (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 trust account
No Synonyms and anytonyms found
trust account Sentence Examples
- The lawyer deposited the funds into his client's trust account to protect them from creditors.
- The court ordered the transfer of all funds from the suspect's trust account to the state treasury.
- The accountant identified suspicious transfers from the trust account, raising concerns about misappropriation.
- The executor established a trust account to manage the deceased's assets until they could be distributed to the beneficiaries.
- The real estate agent deposited the buyer's down payment into a trust account until the closing date.
- The charity set up a trust account to collect donations for its annual fundraiser.
- The investor instructed the broker to create a trust account for the proceeds of the stock sale.
- The bank required a minimum balance in the trust account to cover potential expenses.
- The guardian used the funds in her granddaughter's trust account to pay for her education and healthcare.
- The trust account agreement specified the terms and conditions governing the use and distribution of the funds.
FAQs About the word trust account
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 lawyer deposited the funds into his client's trust account to protect them from creditors.
The court ordered the transfer of all funds from the suspect's trust account to the state treasury.
The accountant identified suspicious transfers from the trust account, raising concerns about misappropriation.
The executor established a trust account to manage the deceased's assets until they could be distributed to the beneficiaries.
