trust account
- A type of account established at a financial institution, like a bank, under a living or testamentary trust, often used for temporarily holding funds
- The attorney set up a trust account to manage the funds for her client's property sale.
- It is common practice for real estate agents to hold deposit money in a trust account until the deal is finalized.
- Due to the complex financial transactions, the family established a trust account to secure their assets.
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