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Account in Trust
(redirected from Account Held in Trust)

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Account in trust
Account managed by the account holder for another person, called the beneficiary. For example, an account opened by parents to give money to their minor children.

Account in Trust
An account at a bank, brokerage, or insurance company that is held by one person but managed by another. That is, while one person owns the account in trust, another (often a parent or guardian) manages it. Often, the account is only held in trust until certain conditions are filled. For example, a child may take control of an account in trust upon reaching age 18.


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I've been trying for six months to close a Halifax Liquid Gold savings account held in trust for my nephew.
She sold one flat for pounds 70,000 and the proceeds were paid into an account held in trust for one of their two kids.
The trust property comprises the following: (i) JPY10 billion JGBs and the coupon thereof; (ii) the real property (an office building that is the head office of the originator) and the associated benefits from its ownership; (iii) a liquidity reserve of JPY500 million of JGBs and the coupon thereof; and (iv) all money deposited in the bank account held in trust by Yasuda in Bank of Tokyo Mitsubishi.
 
 
 
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