trust account


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Related to trust account: trust fund

trust account

A bank account specially designated to hold funds that belong to others.Real estate brokers and attorneys are required to maintain separate trust accounts for client money and for escrowed funds.

References in periodicals archive ?
23 from the trust account and transferred the amount to the closed account.
Dubai's trust account law was established under Law No 8 of 2007 and further supplemented in 2008 by the trust account regulations.
While the Bar does not conduct spot audits of trust funds, some other states do, and last year, North Carolina did 57 such inspections and found only six law firms in total compliance with that state's trust account rules, he said.
In addition, the regulatory body found that Lawson and his wife Pamela, who was LFC's chief operating officer, were co-trustees of the trust account -- in violation of FINRA rules, since they acted as trustees and engaged in self-dealing with the trust account.
In reviewing the mail-in trust account audit, I don't see anything we missed there that we should have seen," she said.
When you set up a bank trust account, the money in the account is not covered by your will.
Hence, no interest or profit is payable to funds in trust accounts," said Moinuddin Malim, head of corporate and investment banking for Badr Al Islami.
With this agreement, Badr Al Islami will be committed to opening trust accounts for developers in the emirate and ensure that property investors' funds are protected.
Donations can be made to the Bolanos trust account at any Antelope Valley Bank branch.
With little variation, the money will flow from the employer account to the trust account to the TPA.
A trust account is a fiduciary account established to hold funds that belong to another party.
Stone Tan" or the "Company") (OTCBB: STTA), announced today that it is cancelling the special meetings of stockholders and warrant holders originally scheduled to be held on October 14, 2009 and will commence the process of liquidating the trust account.