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savings bank trust vs Totten trust

Totten trust vs savings bank trust

savings bank trust and Totten trust both are nouns.

Word NounAdjectiveVerbAdverb
savings bank trust Yes No No No
Totten trust Yes No No No
As nouns, savings bank trust and Totten trust are synonyms defined as:
  • savings bank 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 bank trust include savings account trust, trust account, trustee account.
savings bank 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 bank trust and Totten trust

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