trust account


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Related to trust account: trust fund

trust account

n
1. (Banking & Finance) Also called: trustee account a savings account deposited in the name of a trustee who controls it during his lifetime, after which the balance is payable to a prenominated beneficiary
2. (Law) property under the control of a trustee or trustees
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.trust account - a savings account deposited by someone who makes themselves the trustee for a beneficiary and who controls it during their lifetimetrust 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 payable to the previously named beneficiary
trust - something (as property) held by one party (the trustee) for the benefit of another (the beneficiary); "he is the beneficiary of a generous trust set up by his father"
Translations
AnderkontoTreuhandanderkontoTreuhandkonto
References in periodicals archive ?
Those allegations came to light only after one of Shockley's clients complained in November that checks written to him from Property Management Concept's clients' trust account had bounced.
An attorney who is a member of the credit union where the trust account is opened now has a choice of financial institutions for that trust account.
Admitted to practice: 1988) The Bar's audit of Batts' trust account revealed a shortage of approximately $10,000, mostly due to erroneous transfers by the bookkeeper.
the proposal to amend the Company's Articles of Association to permit the Company to liquidate the Trust Account on September 24, 2013 and to cause Article 156 to be of no further force or effect after the distribution of the Trust Account (the "Article Amendment Proposal"); and
Summary: Badr Al Islami, the Islamic Banking Division of Mashreq, has announced its strategic alliance with Ras Al Khaimah Investment Authority (RAKIA), to be the official Trust Account Manager for all developers of RAKIA owned Real Estate Projects in the emirate of Ras Al Khaimah.
The court held that deductions taken from checks and money orders that were to be deposited into the prisoner's trust account in order to satisfy court-ordered restitution, did not violate the Takings Clause, where the restitution was duly authorized by state law.
A trust account has been set up at Antelope Valley Bank for funeral expenses for Walter Bolanos, 16, who was killed early Thursday when the Dodge minivan he was driving ran off Avenue H and overturned.
In the past, agents have gotten into trouble by working with a marketing company or managing agency that has prepackaged important services such as the TPA, stop-loss carrier, benefit communication and trust account.
Some trust account regulations were created to govern escrow accounts used in buy-sell transactions rather than property management activities such as rent collection and security deposits.
Stone Tan" or the "Company") (OTCBB: STTA), announced today that it is cancelling the special meetings of stockholders and warrant holders originally scheduled to be held on October 14, 2009 and will commence the process of liquidating the trust account.
Australia-based TravelManagers, a travel agency network declared that in partnership with travel insurance brokers Gow-Gates, it has developed a new Travel Agent Client Trust Account Fidelity Insurance (TACTAFI) product, which protects consumers funds while they are in the hands of a travel intermediary.
The Supreme Court has disbarred a lawyer who failed to adequately supervise the bookkeeper who stole from his trust account, continued to practice after being emergency suspended, and failed to appoint a receiver for his separate debt management companies.