Trust account

2 topics · 3 sources

Banking

A general term that covers all types of accounts in a trust department, such as estates, guardianships, and agencies.

The Office of the Comptroller of the Currency — Dictionary of Banking Terms and Phrases
Office of the Comptroller of the Currency, U.S. Department of the Treasury — Dictionary of Banking Terms and Phrases retrieved 2014-05-16

Same or similar to "escrow account." See also "escrow account."