Vocab Bloom Hub

trustee account

/trʌˈstiː əˈkaʊnt/

1 entry

phrase

/trʌˈstiː əˈkaʊnt/C1formallegal
  • ruФинансовый счёт, управляемый доверительным собственником от имени бенефициара, где доверительный собственник распоряжается активами в соответствии с условиями трастового соглашения.

A financial account held by a trustee on behalf of a beneficiary, where the trustee manages the assets according to the terms of a trust agreement.

  1. Fiduciary AccountC1formal

    A financial account managed by a trustee on behalf of a beneficiary, where the trustee has a legal duty to manage the assets in the beneficiary's best interest.

    ruДоверительный счёт

    • The inheritance was placed in a trustee account until the child turned 18.
    • The lawyer explained the rules of the trustee account to the family.
    • Funds from the trustee account were used to pay for the beneficiary's education.