Kids.Net.Au - Dictionary > Definition: Totten trust

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Definition of Totten trust

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

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subvert means destroy completely; "we must not let our civil liberties be subverted by the current crisis"; cause the downfall of; of rulers; "The Czar was overthrown"; ... more

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