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Definition of Savings bank trust
1. Noun. 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.
Generic synonyms: Trust
Lexicographical Neighbors of Savings Bank Trust
Literary usage of Savings bank trust
Below you will find example usage of this term as found in modern and/or classical literature:
1. Proceedings of the Annual Meeting by American Bankers Association, Savings Bank Division (1907)
"... State, or savings bank, trust company, private bank, or department store.
If some large mercantile firms, which are at present soliciting deposits, ..."
2. The American Bar by James Clark Fifield (1918)
"Harvard, AB, 1891 ; legal ed. law office. Mem. Onondaga Co. Bar Ass'n. Firm is
counsel for: Syracuse Savings Bank, Trust & Deposit Co., Onondaga. ..."
Other Resources:
