* Site-Outage Notice: Our engineering elves will be tweaking the Shmoop site from Monday, December 22 10:00 PM PST to Tuesday, December 23 5:00 AM PST. The site will be unavailable during this time.
Dismiss
© 2014 Shmoop University, Inc. All rights reserved.

Finance Glossary

Just call us Bond. Amortized bond.

Over 700 finance terms, Shmooped to perfection.

Account In Trust

Definition:

In Account We Trust. When Uncle Joe manages the account for little Sally. Sally trusts Joe. She is also a minor and knows that Joe will manage the account for her with all due good intent until she turns 18 and can then go shopping for Beemers. UTMA is an example of an "Account in Trust."

Advertisement