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an arrangement concerning two or more firms to work together illegally, as an example to regulate costs:

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Totten trust: Also called a payable-on-Demise account, this trust is created throughout the life span with the trustor, who also acts given that the trustee. It is really frequently employed for financial institution accounts (physical residence cannot be set into it). The large advantage is the fact that assets during the trust stay away from probate upon the trustor’s Demise.

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The cash that her father remaining her is currently being held/stored in trust (= becoming managed) for her until eventually she's 30.

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