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
An account separate and apart and physically segregated from brokers own funds, in which broker is required by law to deposit all funds collected for clients
A deposit account in a bank, trust company or authorized savings & loan company or credit union kept by a lawyer (or firm) for deposit & retention of clients' money or other valuable property, in connection with the practice of law
A bank account held by a professional for the purposes of keeping money held on behalf of clients separate from the funds of the professional or her business
An account separate and apart and physically segregated from broker's own funds, in which broker is required by law to deposit all funds collected for clients
An account into which moneys which are held on trust are deposited Used by solicitors to deposit money which a client provides for conducting a case until the money is needed •Solicitors
A separate bank account maintained by a broker or escrow company to handle all money collected for clients A broker may not commingle these funds with his/her own funds
a separate bank account segregated from a broker's own funds, in which the broker is required by state law to deposit all monies collected for clients In some states called an escrow account
An account separate and apart and physically segregated from a broker's own funds, into which the broker is required by law to deposit all funds collected for clients
A special account to safeguard funds for a buyer or seller, primarily used by brokers and escrow agents An escrow or impound account is also a trust account