Noun: trustee account trú'stee-u'kawnt
- 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
"She established a trustee account for her grandchild's education";
- savings account trust, savings bank trust, trust account, Totten trust
Derived forms: trustee accounts
Type of: trust