Totten trust

tot·tent·rust

uncommon

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

Related words

Broader terms

trust

WordNet 2.1 (Princeton University). WordNet 2.1 Copyright Princeton University. All rights reserved.

Grammar

noun
singular	totten trust
plural	totten trusts

Nearby words

tote bag tote up totipotence totipotency totipotent totter totterer tottering tottery tot up

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