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 account.
Related information about trust account:
- trust account - The Free Dictionary
(Economics, Accounting & Finance / Banking & Finance) Also called trustee account a savings account deposited in the name of a trustee who controls it during ...
- What is trust account? definition and meaning
Definition of trust account: An account in which a bank or trust company (acting as an authorized custodian) holds funds for specific purposes such as to pay ...
- Lawyer Trust Account Mistakes - Law Practice Management - About ...
Mismanaging a trust account can have terrible consequences on a lawyer's career, even sometimes to the point of disbarment. Yet law schools do an abysmal ...
- Account In Trust Definition | Investopedia
... Transfers to Minors (UTMA) accounts. The term can also be used generically for any trust account, regardless of whether there is a formal trust agreement.
- What Is a Living Trust Account? | eHow.com
What Is a Living Trust Account?. Living trusts are increasingly common tools used in estate and inheritance planning, for the purpose of sending maximum ...
- Trust Account Guidelines - North Carolina Real Estate Commission
it trust monies in an escrow or trust account maintained by a broker (separate from the .... the account shall bear the words “Trust Account” or “Es- crow Account .” ...
- Wisconsin Court System - Trust Account Program
The OLR Trust Account Program has two primary goals: 1) to identify problems in the management of client trust accounts and other fiduciary accounts, and ...
- Child Performer Trust Account » ActorsFCU
Minors who work and/or perform in New York State are required to open a locked trust account, where 15% of their gross earnings will be held for them until they ...