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Savings bank trust   /sˈeɪvɪŋz bæŋk trəst/   Listen
Savings bank trust

noun
1.
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.  Synonyms: savings account trust, Totten trust, trust account, trustee account.






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Words linked to "Savings bank trust" :   Totten trust, trust



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