- trust deposit
- A deposit in a bank in trust for the benefit of a person other than the depositor.
Ballentine's law dictionary. Anderson, W.S.. 1998.
trust deposit
Look at other dictionaries:
trust — A legal entity created by a grantor for the benefit of designated beneficiaries under the laws of the state and the valid trust instrument. The trustee holds a fiduciary responsibility to manage the trust s corpus assets and income for the… … Black's law dictionary
deposit in trust — See trust deposit … Ballentine's law dictionary
deposit — de·pos·it 1 /di pä zət/ vt 1: to place for safekeeping or as security may deposit the property with the court; esp: to put in a bank account 2 in the civil law of Louisiana: to place (movable property) under a deposit the depository can not make… … Law dictionary
trust — n 1 a: a fiduciary relationship in which one party holds legal title to another s property for the benefit of a party who holds equitable title to the property b: an entity resulting from the establishment of such a relationship see also… … Law dictionary
Deposit — De*pos it, n. [L. depositum, fr. depositus, p. p. of deponere: cf. F. d[ e]p[^o]t, OF. depost. See {Deposit}, v. t., and cf. {Depot}.] 1. That which is deposited, or laid or thrown down; as, a deposit in a flue; especially, matter precipitated… … The Collaborative International Dictionary of English
Trust — Trust, n. [OE. trust, trost, Icel. traust confidence, security; akin to Dan. & Sw. tr[ o]st comfort, consolation, G. trost, Goth. trausti a convention, covenant, and E. true. See {True}, and cf. {Tryst}.] 1. Assured resting of the mind on the… … The Collaborative International Dictionary of English
Trust deed — Trust Trust, n. [OE. trust, trost, Icel. traust confidence, security; akin to Dan. & Sw. tr[ o]st comfort, consolation, G. trost, Goth. trausti a convention, covenant, and E. true. See {True}, and cf. {Tryst}.] 1. Assured resting of the mind on… … The Collaborative International Dictionary of English
deposit — [n1] down payment; money saved drop, installment, money in the bank, partial payment, pledge, retainer, security, stake, warranty; concepts 340,344 Ant. debit, withdrawal deposit [n2] accumulation of solid alluvium, delta, deposition, dregs,… … New thesaurus
trust account — (See advance deposit account) … Glossary of postal terms
trust — I n. reliance 1) to place, put one s trust in 2) to abuse smb. s trust 3) absolute; blind, unquestioning trust 4) public trust 5) on trust (to sell on trust) cartel 6) to break up a trust fund 7) to set up a trust (for a child) 8) a unit trust … Combinatory dictionary
