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What does savings account trust mean?

April 26, 2017context examples definition dictionary english learning mean savings account sense synonyms Trust

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What does savings account trust mean?

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• SAVINGS ACCOUNT TRUST (noun) The noun SAVINGS ACCOUNT TRUST has 1 sense: 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 Familiarity information: SAVINGS ACCOUNT TRUST used as a noun is very rare.