testamentary account

  

Definition

Payable-on-death or a revocable trust account maintained according to the account owner's instruction to pay at his or her death the account balance to the named beneficiary.

Related Videos




http://www.businessdictionary.com/definition/testamentary-account.html

Have a question about this term? Ask for help in the
Community
advertise here

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z