trustee account
- noun
- /ˈtrʌsti əˈkaʊnt/
- Formal
:
cuenta fiduciaria
- Upon the death of the account holder, the remaining balance in the trustee account was paid to the named beneficiary.
Examples
-
Mary opened a trustee account for her grandson, planning to transfer the funds to him when he turned eighteen.
-
The trustee account gives parents control of the money until their child becomes an adult.
-
He opened a trustee account for his children.
-
A trustee account can help manage funds effectively.
-
Mary opened a trustee account for her grandson, planning to transfer the funds to him when he turned eighteen.
-
The trustee account gives parents control of the money until their child becomes an adult.
-
Upon the death of the account holder, the remaining balance in the trustee account was paid to the named beneficiary.
Synonyms
3
4.4
A bank account where one person holds and manages money for another person who will get it later
A bank account where one person keeps and controls money for a named person who receives it after their death
A bank savings account you control now that gives the money to a named person after your death
A bank account set up so the money goes to a named person when the owner dies
How Controlled
- Specialized
49
3.7
- Formal
- Specialized
1
6.1
571
3.5
- US
9
2.8
Surface Forms
Morphology
The compound combines 'trustee' (a person who manages others' assets) with 'account' (a financial record or bank account), so a B1 learner who knows both words will readily infer it is an account managed by a trustee for someone else. Legal details about control during life and payout on death are specialized, but the core compositional meaning is transparent and follows regular noun+noun compounding patterns.
Etymology
Trustee account comes from the image of a person you 'trust' keeping someone else's money safe: a trustee holds and manages the account like a locked box until the right time. That's why a trustee account means an account run by someone who looks after the money for another person and only pays it to them later.