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CTF

CTF

1 8.2
A UK savings account for children available when they turn eighteen
  • noun
  • UK
: Fondo de Confianza Infantil
  • A Child Trust Fund (CTF) is designed to help parents save for their children's future education.

Examples

  • Many families invest in CTFs to save for their children's future.

  • Many families choose to invest in a CTF to ensure their children can access funds when they turn 18.

  • Her parents opened a CTF when she was born to help her save for the future.

  • You can only access the money in your CTF when you turn eighteen.

  • Many families use a CTF to encourage children to learn about saving money.

  • My parents opened a CTF for me when I was born.

  • The government offers a bonus for every Child Trust Fund (CTF) opened on behalf of a child.

Synonyms

trust fund
vsCTF
  • Specialized
105 3.7

Money or property kept and managed by someone for another person's use

is set up by government for children to save until they reach adulthood
custodial account
vsCTF
  • Specialized
1 6.1

An account that holds money for a child and an adult manages until they reach legal age

is government created specifically to save money for children until adulthood

Surface Forms

CTF singular
CTFs plural

Etymology

CTF is short for Child Trust Fund, a UK savings account set up by the government for children. The name literally means 'a trust for a child' and the letters CTF are the first letters of that name. So, a CTF is a special savings account that keeps money for a child until they are an adult.