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Meaning of Totten trust | Babel Free

Noun CEFR B2

Definitions

A form of trust created where one party (the settlor of the trust) places money in a bank account or security with instructions that, upon the settlor's death, whatever is in that account will pass to a named beneficiary.

CEFR level

B2
Upper Intermediate
This word is part of the CEFR B2 vocabulary — upper intermediate level.
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See also

Tottenham Tottenham Hale Tottenham pudding Tottenhamite Tottenhoff Totter

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