trustee account

Definitions

  • WordNet 3.6
    • n trustee account a savings account deposited by someone who makes themselves the trustee for a beneficiary and who controls it during their lifetime; afterward the balance is payable to the previously named beneficiary
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Usage

In literature:

From the 14th to the 17th of August, Spangenberg busied himself with the account between the Moravians and the Trustees.
"The Moravians in Georgia" by Adelaide L. Fries
Finally, an account had to be opened on which cheques could be drawn signed by one of the trustees and Mr. Knight.
"Love Eternal" by H. Rider Haggard
By the same fleet, my two merchant trustees shipped me 1,200 chests of sugar, 800 rolls of tobacco, and the rest of the whole Account in gold.
"The Life and Adventures of Robinson Crusoe (1808)" by Daniel Defoe
The Board of Trustees were in session, as we learn from the account given by one of their number, when James arrived and sought an audience.
"From Canal Boy to President" by Horatio Alger, Jr.
Two surviving trustees had filed an account for themselves and a deceased trustee in a court of common pleas.
"The Constitution of the United States of America: Analysis and Interpretation"
The accounts shown at the recent inquiry were all carefully manipulated, arranged, cooked by the Town Trustees.
"In the Mayor's Parlour" by J. S. (Joseph Smith) Fletcher
These trustees elect the surveyor and audit the accounts.
"Old and New London" by Walter Thornbury
A number of people have made him trustee, but whether on that account or not they never told.
"The Pace That Kills" by Edgar Saltus
The surplus of said reserved fund shall be annually passed by said board of trustees to the account of earnings.
"Minority Report of the Committee on Railways in Relation to the Hoosac Tunnel and the Railroads" by Erastus Payson Carpenter
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In news:

Buckey, 1926-2012: Lawyer led accounting firm , UT trustees.
Buckey, a lawyer who was managing partner of the Toledo office of a leading public accounting firm and a former chairman of the University of Toledo board of trustees, died Tuesday in Mercy Health Partners, Muskegon, Mich.
David Walker, head of the Government Accountability Office and a former Social Security Administration trustee, discusses some of the fiscal solvency difficulties and timelines facing the Social Security program.
Kirk, retired managing partner of a top public accounting firm and a former TARTA trustee who was in demand to serve on corporate, civic, and charitable boards, died Wednesday in the health-care center of Swan Creek Retirement Village.
Trustee Lynette Hamby, an accountant and longtime Soquel resident, was Tuesday's top vote-getter in the four-way race for Soquel Union Elementary School District.
Securities Investor Protection Act Trustee Irving H Picard on Thursday said checks for $2.479 billion, the second distribution of recovered funds, were mailed on Wednesday to 1,230 accounts.
So far Peregrine 's bankruptcy trustee has released about $123 million from the estate back to former customers, or about 30 to 40 percent of what they were supposed to have in their accounts.
Vision Financial will take on thousands of customer accounts from the defunct firm, according to an agreement with the trustee unwinding Peregrine 's assets.
District officials, including Deputy Superintendent Josh Jensen, accounting supervisor Diane Wroten, and School Board trustee Scott Kido refused to be interviewed for this story.
But Irving Picard, the court appointed trustee whose job it is to return money to Madoff victims , isn t buying these accounts.
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