Vocab Bloom Hub

trust account

/trʌst əˈkaʊnt/

Traducción: Cuenta financiera que pertenece a una persona u organización en beneficio de otra, generalmente administrada por un fiduciario o administrador de confianza según un acuerdo legal.

1 entrada

phrase

/trʌst əˈkaʊnt/C1formallegal
  • esCuenta financiera que pertenece a una persona u organización en beneficio de otra, generalmente administrada por un fiduciario o administrador de confianza según un acuerdo legal.

A financial account held by one person or entity for the benefit of another, typically managed by a trustee under a legal agreement.

  1. Financial arrangementC1formal

    A bank or brokerage account held by a trustee on behalf of a beneficiary, managed according to the terms of a trust agreement.

    esCuenta fiduciaria

    • The lawyer manages the trust account for the minor children.
    • Funds from the trust account were used to pay for the beneficiary's education.
    • All transactions from the trust account must be documented.