| NOUN | possession | savings account trust, savings bank trust, trust account, trustee account, Totten trust | a savings account deposited by someone who makes themselves the trustee for a beneficiary and who controls it during their lifetime |
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| Meaning | 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. | |
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| Synonyms | savings bank trust, trust account, trustee account, Totten trust | |
| Broader | trust | Something (as property) held by one party (the trustee) for the benefit of another (the beneficiary) |
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