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Meaning of "trust account" in the English dictionary

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DICTIONARY
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PRONUNCIATION OF TRUST ACCOUNT

trust account play
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GRAMMATICAL CATEGORY OF TRUST ACCOUNT

noun
adjective
verb
adverb
pronoun
preposition
conjunction
determiner
exclamation
Trust account is a noun.
A noun is a type of word the meaning of which determines reality. Nouns provide the names for all things: people, objects, sensations, feelings, etc.

WHAT DOES TRUST ACCOUNT MEAN IN ENGLISH?

Custodial account

A custodial account is a financial account set up for the benefit of a beneficiary, and administered by a responsible person, known as a custodian, who has a fiduciary obligation to the beneficiary. In one form, a custodial account is an account set up for a minor, because the minor is under the legal age of majority. The custodian is often the minor's parent. In the U.S., this type of account is often structured as a Coverdell ESA, allowing for tax-advantaged treatment of educational expenses. In another form, a custodial account is a trust account owned by an individual or institution, managed by a named party for purposes of rapid distribution of funds in that account. This is commonly used for petty cash, or for transactions that have very limited and clearly defined payees and transaction types. For example, law firm accounting includes trust accounts for disbursing funds entrusted to the law firm by each client for the client's benefit.

Definition of trust account in the English dictionary

The definition of trust account in the dictionary is Also called: trustee account. a savings account deposited in the name of a trustee who controls it during his lifetime, after which the balance is payable to a prenominated beneficiary. Other definition of trust account is property under the control of a trustee or trustees.

WORDS THAT BEGIN LIKE TRUST ACCOUNT

trust
trust company
trust corporation
trust deed
trust fund
trust hospital
trust hotel
trust tavern
trust territory
Trust Territory of New Guinea
trustability
trustable
trustafarian
trustbuster
trustbusting
trusted
trustee
trustee account
trustee in bankruptcy
trustee investment

WORDS THAT END LIKE TRUST ACCOUNT

account
amount
at a discount
bank account
business account
call to account
checking account
count
current account
current-account
discount
no-account
on account
pollen count
recount
savings account
time discount
to account
trading account
viscount
volume discount

Synonyms and antonyms of trust account in the English dictionary of synonyms

SYNONYMS

Translation of «trust account» into 25 languages

TRANSLATOR
online translator

TRANSLATION OF TRUST ACCOUNT

Find out the translation of trust account to 25 languages with our English multilingual translator.
The translations of trust account from English to other languages presented in this section have been obtained through automatic statistical translation; where the essential translation unit is the word «trust account» in English.

Translator English - Chinese

信托账户
1,325 millions of speakers

Translator English - Spanish

cuenta de fideicomiso
570 millions of speakers

English

trust account
510 millions of speakers

Translator English - Hindi

विश्वास खाते
380 millions of speakers
ar

Translator English - Arabic

حساب الثقة
280 millions of speakers

Translator English - Russian

доверие счет
278 millions of speakers

Translator English - Portuguese

conta de depósito
270 millions of speakers

Translator English - Bengali

বিশ্বস্ত অ্যাকাউন্ট
260 millions of speakers

Translator English - French

compte en fiducie
220 millions of speakers

Translator English - Malay

Akaun amanah
190 millions of speakers

Translator English - German

Treuhandkonto
180 millions of speakers

Translator English - Japanese

信託勘定
130 millions of speakers

Translator English - Korean

신탁 계정
85 millions of speakers

Translator English - Javanese

Akun aman
85 millions of speakers
vi

Translator English - Vietnamese

tài khoản tin cậy
80 millions of speakers

Translator English - Tamil

நம்பகமான கணக்கு
75 millions of speakers

Translator English - Marathi

विश्वास खाते
75 millions of speakers

Translator English - Turkish

Güvenilir hesap
70 millions of speakers

Translator English - Italian

conto fiduciario
65 millions of speakers

Translator English - Polish

rachunek powierniczy
50 millions of speakers

Translator English - Ukrainian

довіру рахунок
40 millions of speakers

Translator English - Romanian

cont de încredere
30 millions of speakers
el

Translator English - Greek

λογαριασμό διαχείρισης
15 millions of speakers
af

Translator English - Afrikaans

trustrekening
14 millions of speakers
sv

Translator English - Swedish

förvaltningskonto
10 millions of speakers
no

Translator English - Norwegian

tillit konto
5 millions of speakers

Trends of use of trust account

TRENDS

TENDENCIES OF USE OF THE TERM «TRUST ACCOUNT»

The term «trust account» is regularly used and occupies the 94.823 position in our list of most widely used terms in the English dictionary.
0
100%
FREQUENCY
Regularly used
56
/100
The map shown above gives the frequency of use of the term «trust account» in the different countries.
Principal search tendencies and common uses of trust account
List of principal searches undertaken by users to access our English online dictionary and most widely used expressions with the word «trust account».

FREQUENCY OF USE OF THE TERM «TRUST ACCOUNT» OVER TIME

The graph expresses the annual evolution of the frequency of use of the word «trust account» during the past 500 years. Its implementation is based on analysing how often the term «trust account» appears in digitalised printed sources in English between the year 1500 and the present day.

Examples of use in the English literature, quotes and news about trust account

EXAMPLES

10 ENGLISH BOOKS RELATING TO «TRUST ACCOUNT»

Discover the use of trust account in the following bibliographical selection. Books relating to trust account and brief extracts from same to provide context of its use in English literature.
1
Washington Real Estate Fundamentals
written consent of the parties, the funds can be deposited in the pooled account, in which case the interest will be paid to the state. Or the broker can establish a separate trust account for the deposit, with the interest to be paid to the client or ...
‎2006
2
Principles of California Real Estate
If a transaction falls through after the good faith deposit has been deposited into escrow or a broker's trust account, there may be a dispute over the money; the buyer and seller may each feel entitled to it. In this situation, the escrow agent or  ...
Kathryn J. Haupt, David L. Rockwell, 2006
3
The ABA guide to lawyer trust accounts
A comprehensive resource discussing lawyer's trust accounts. Includes rules regulating trust accounts and good trust account procedures.
Jay G. Foonberg, Ellen Peck, 1996
4
Paralegal Ethics
Any funds that belong to the client, or in which the client has an interest, must be held in trust for the client in a specially designated client trust account. The purpose of holding money in a separate client trust account is to prevent the danger of ...
Angela Schneeman, 2000
5
California Real Estate Property Management
The property manager should insist all security deposits previously collected from existing tenants are handed over to him for his control and management through his trust account. Eventually, due to legislation, interest must be paid on some ...
Fred Crane, 2007
6
Practical Guide to Construction Contract Surety Claims
§11.08 THE TRUST ACCOUNT AND TRUST ACCOUNT AGREEMENT By far the most common method used by sureties to finance the principal is to establish a trust account. Occasionally, the trust account may be a new account at the ...
William Schwartzkopf, Richard E. Tasker, 2005
7
The SPEED of Trust: The One Thing That Changes Everything
Explains how trust is a key catalyst for personal and organizational success in the twenty-first century, in a guide for businesspeople that demonstrates how to inspire trust while overcoming bureaucratic obstacles.
‎2008
8
Breach of Trust
To put this another way, the claim is that so long as those with claims against the trust are truly able to falsify the trust account, the personal liability of the trustee is not essential to give substance to the trusts; to paraphrase Millett LJ, the ability ...
Peter Birks, Arianna Pretto, 2002
9
Real Estate Principles
For the purpose of holding clients' and customers' money, laws in nearly all states require a broker to maintain a trust account. All monies received by a broker as agent for a principal are to be promptly deposited in this account or in the trust ...
Charles J. Jacobus, 2009
10
Annotated Model Rules of Professional Conduct
arrange for charges to be deducted from firm's operating account); R.I. Ethics Op. 93- 57 (1993) (lawyer may deposit own monies into trust account to avoid service charges, as long as amount is minimum necessary to avoid charges and ...
Center for Professional Responsibility (American Bar Association), 2007

8 NEWS ITEMS WHICH INCLUDE THE TERM «TRUST ACCOUNT»

Find out what the national and international press are talking about and how the term trust account is used in the context of the following news items.
1
UMNO constitution provides for trust account under president's …
KUBANG PASU: The UMNO constitution provides for the party president to have a trust account on behalf of the party, said Barisan Nasional strategic ... «Astro Awani, Aug 15»
2
Greeley bank to sell trust accounts but stay open
The bulk of the trust accounts being sold are self-directed IRAs which Bateman said have become too cumbersome for the small bank, which also has branches ... «The Coloradoan, May 15»
3
Shanesha Taylor Fails to Fund Kids' Trusts; UPDATE: Prosecution to …
Shanesha Taylor, the Scottsdale mom who left her kids in a hot car in March while on a job interview, has blown today's deadline to fund trust accounts for her ... «Phoenix New Times, Oct 14»
4
Lawmakers seek to protect nursing home residents' funds
Crist also notes that many nursing home operators audit the trust accounts on their own initiative. In a follow-up story last month, USA TODAY found that just four ... «USA TODAY, Dec 13»
5
Oversight of nursing home trust funds limited
Those office employees typically manage the trust accounts that nursing homes ... home residents have had their savings stolen while held in the trust accounts, ... «USA TODAY, Dec 13»
6
Payments to begin soon for Indian trust account holders
With legal challenges to the historic Cobell settlement ended, the federal government will send out payments of $1,000 that may reach Indians within weeks. «NewsOK.com, Nov 12»
7
JP Morgan Ordered to Pay $18 Million to Oil Heiress's Trust
This week, an Oklahoma judge found that JPMorgan Chase had been “grossly negligent and reckless” in its administration of one client's trust account and ... «New York Times, Oct 12»
8
Obama Admin Strikes $3.4B Deal in Indian Trust Lawsuit
Obama Admin Strikes $3.4B Deal in Indian Trust Lawsuit ... battle over the Interior Department's mismanagement of land trust accounts for American Indians. «New York Times, Dec 09»

REFERENCE
« EDUCALINGO. Trust account [online]. Available <https://educalingo.com/en/dic-en/trust-account>. Apr 2024 ».
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