Meaning trust account
What does trust account mean? Here you find 11 meanings of the word trust account. You can also add a definition of trust account yourself

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trust account


Definition A separate bank account segregated from a broker's own funds, in which a broker is required to deposit all monies collected for clients. In some states is referred to as an escrow acco [..]
Source: investorwords.com

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trust account


an account opened with a trust company (as a bank) under which an inter vivos or testamentary trust is set up (as for the escrow of funds)
Source: dictionary.findlaw.com

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trust account


An account maintained by a broker or escrow company to handle all money collected for clients.
Source: discover.com

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trust account


A general term that covers all types of accounts in a trust department, such as estates, guardianships, and agencies. See also General Trust Accounts
Source: helpwithmybank.gov

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trust account


Most states require property managers to place funds belonging to a third party in a specially designated "trust" account.  This designation protects those funds from creditors and, in some cases, carry higher deposit insurances limits.
Source: rentables.com (offline)

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trust account


An account separate and physically segregated from an advisor, broker or other professional’s own funds, in which clients funds are deposited in accordance with the law.
Source: linkmarketservices.co.nz (offline)

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trust account


This is the account set up for an invoice discounting client into which they pay the money they receive from debtors.
Source: skiptonbusinessfinance.co.uk

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trust account


An account which manages the earnest money, money set aside for repairs, and other prepaid closing monies. These accounts are managed by the broker or the escrow agent.
Source: mortgageloan.com

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trust account


A trust is a fiduciary relationship in which one party, known as a trustor, gives another party, the trustee, the right to hold title to property or assets for the benefit of a third party, the benefi [..]
Source: definitions.uslegal.com

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trust account


A special bank account where a lawyer deposits money held on behalf of other people, subject to strict accounting rules.
Source: lawhandbook.sa.gov.au

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trust account


A legislatively required bank account used to safeguard the monies held by an agent for or on behalf of another person such as a buyer or seller. (Alternative name: Escrow Account)Source
Source: estatemaster.com (offline)





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