Account managed by one party for use by another, who is named the Beneficiary. A parent or guardian opening a child's savings account under the Uniform Gifts to Minors Act approves any withdrawals until the child reaches legal age.
Account in Trust
| Banking Dictionary: Account in Trust |
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 | Escrow Account (business term) |
| Incorporated Trustee (in banking) |
| Individual Retirement Account Funding Instruments (insurance term) |
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 | Is a banking In Trust For account entitles the trusted person not the account holder to freely use this account? |
| What is the acronym UA in a trust account? |
| What are the requirements of trust account? |
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 | Banking Dictionary. Dictionary of Banking Terms. Copyright © 2006 by Barron's Educational Series, Inc. All rights reserved. Read more |
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Mentioned in
- Escrow Account (business term)
- Incorporated Trustee (in banking)
- Individual Retirement Account Funding Instruments (insurance term)
- Trust Department (in banking)
- Commission (in banking)
- Trust Account (in banking)
- Wasting Trust (in banking)
- Account (in banking)
- Defined Benefit Plan (in banking)
- Trust (in banking)
- Custody Account (in banking)
- Master Trust (in banking)
- Individual Retirement Account (IRA) (business term)
- Uninsured Depositor (in banking)
