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Meaning of “trust account” in the English Dictionary

"trust account" in Business English

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trust accountnoun [C]

uk   us   FINANCE
a bank account that is used by a person or organization to manage money for another person or group of people: The money was deposited in a trust account for her until she reached the age of 18.
an account that is used to keep money for a particular purpose: A trust account has been established by the solicitors for donations to the charity.
an account set up by two people or organizations in which money or property is kept by a third person or organization until a particular condition is satisfied: All pre-payments by travellers are placed in a trust account and not released until completion of the tour.
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(Definition of trust account from the Cambridge Business English Dictionary © Cambridge University Press)
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“trust account” in Business English

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Avoiding common errors with the word enough.
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