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trust account vs Totten trust

Totten trust vs trust account

trust account and Totten trust both are nouns.

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

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