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savings account trust vs Totten trust

Totten trust vs savings account trust

savings account trust and Totten trust both are nouns.

Word NounAdjectiveVerbAdverb
savings account trust Yes No No No
Totten trust Yes No No No
As nouns, savings account trust and Totten trust are synonyms defined as:
  • savings account trust and Totten 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 payable to the previously named beneficiary
Other synonyms of savings account trust include savings bank trust, trust account, trustee account.
savings account trust (noun) Totten trust (noun)
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 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
Difference between savings account trust and Totten trust

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