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Meaning of Totten trust

Tot'ten trust"

Pronunciation: (tot'n), [key]
— Law. Law.
  1. a trust created by opening a savings account in which the depositor is trustee for another, such trust being revocable at any time during the depositor's lifetime.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.
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