What is another word for trust account?
Pronunciation: [tɹˈʌst ɐkˈa͡ʊnt] (IPA) 
A trust account is an arrangement between two parties where the trustee holds funds on behalf of the beneficiary. There are various synonyms for trust account, including escrow account, fiduciary account, custodial account, and trust fund. These accounts are commonly used by lawyers, real estate agents, and financial institutions to hold and manage funds in a secure and impartial manner. Trust accounts are subject to stringent regulatory requirements to protect the interests of both parties, with funds only being released once all conditions of the agreement have been met. These accounts provide an assurance of fair dealing and impartiality, making them an important tool for any business or individual involved in financial transactions.
