s/n13363365

Information
has gloss	(noun) 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 savings account trust, trustee account, savings bank trust, Totten trust, trust account
has gloss	eng: A Totten trust (also referred to as a "Payable on Death" account) is a form of trust created where one party (the settlor of the trust) places money in a bank account or security with instructions that upon the settlor's death, whatever is in that account will pass to a named beneficiary. For example, a Totten trust arises where the account is titled in the form "[depositor], in trust for [beneficiary]".
lexicalization	eng: savings account trust
lexicalization	eng: savings bank trust
lexicalization	eng: Totten trust
lexicalization	eng: trust account
lexicalization	eng: trustee account
subclass of	(noun) something (as property) held by one party (the trustee) for the benefit of another (the beneficiary); "he is the beneficiary of a generous trust set up by his father" trust

Links
similar	e/Totten trust