trust account

noun

: an account opened with a trust company (as a bank) under which an inter vivos or testamentary trust is set up (as for the escrow of funds)

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Cite this Entry

“Trust account.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/trust%20account. Accessed 16 Jun. 2024.

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