"Totten trust" meaning in English

{
  "etymology_text": "Derived from Matter of Totten, 179 N.Y. 112 (1904), the case decided by the Court of Appeals of New York which established the legality of this practice.",
  "forms": [
    {
      "form": "Totten trusts",
      "tags": [
        "plural"
      ]
    }
  ],
  "head_templates": [
    {
      "args": {},
      "expansion": "Totten trust (plural Totten trusts)",
      "name": "en-noun"
    }
  ],
  "lang": "English",
  "lang_code": "en",
  "pos": "noun",
  "senses": [
    {
      "categories": [
        {
          "kind": "other",
          "name": "English entries with incorrect language header",
          "parents": [
            "Entries with incorrect language header",
            "Entry maintenance"
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          "source": "w"
        },
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          "source": "w"
        },
        {
          "kind": "topical",
          "langcode": "en",
          "name": "Law",
          "orig": "en:Law",
          "parents": [
            "Justice",
            "Society",
            "All topics",
            "Fundamental"
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          "source": "w"
        }
      ],
      "glosses": [
        "A form of trust created where one party (the settlor of the trust) places money in a bank account or security with instructions that, upon the settlor's death, whatever is in that account will pass to a named beneficiary."
      ],
      "id": "en-Totten_trust-en-noun-p5KeILiD",
      "links": [
        [
          "law",
          "law#English"
        ],
        [
          "trust",
          "trust"
        ],
        [
          "settlor",
          "settlor"
        ],
        [
          "money",
          "money"
        ],
        [
          "bank account",
          "bank account"
        ],
        [
          "security",
          "security"
        ],
        [
          "beneficiary",
          "beneficiary"
        ]
      ],
      "raw_glosses": [
        "(law) A form of trust created where one party (the settlor of the trust) places money in a bank account or security with instructions that, upon the settlor's death, whatever is in that account will pass to a named beneficiary."
      ],
      "synonyms": [
        {
          "word": "Payable on Death account"
        },
        {
          "word": "poor man's will"
        },
        {
          "word": "tentative trust"
        }
      ],
      "topics": [
        "law"
      ],
      "wikipedia": [
        "Totten trust"
      ]
    }
  ],
  "word": "Totten trust"
}

{
  "etymology_text": "Derived from Matter of Totten, 179 N.Y. 112 (1904), the case decided by the Court of Appeals of New York which established the legality of this practice.",
  "forms": [
    {
      "form": "Totten trusts",
      "tags": [
        "plural"
      ]
    }
  ],
  "head_templates": [
    {
      "args": {},
      "expansion": "Totten trust (plural Totten trusts)",
      "name": "en-noun"
    }
  ],
  "lang": "English",
  "lang_code": "en",
  "pos": "noun",
  "senses": [
    {
      "categories": [
        "English countable nouns",
        "English entries with incorrect language header",
        "English entries with language name categories using raw markup",
        "English eponyms",
        "English lemmas",
        "English multiword terms",
        "English nouns",
        "English terms with non-redundant non-automated sortkeys",
        "en:Law"
      ],
      "glosses": [
        "A form of trust created where one party (the settlor of the trust) places money in a bank account or security with instructions that, upon the settlor's death, whatever is in that account will pass to a named beneficiary."
      ],
      "links": [
        [
          "law",
          "law#English"
        ],
        [
          "trust",
          "trust"
        ],
        [
          "settlor",
          "settlor"
        ],
        [
          "money",
          "money"
        ],
        [
          "bank account",
          "bank account"
        ],
        [
          "security",
          "security"
        ],
        [
          "beneficiary",
          "beneficiary"
        ]
      ],
      "raw_glosses": [
        "(law) A form of trust created where one party (the settlor of the trust) places money in a bank account or security with instructions that, upon the settlor's death, whatever is in that account will pass to a named beneficiary."
      ],
      "topics": [
        "law"
      ],
      "wikipedia": [
        "Totten trust"
      ]
    }
  ],
  "synonyms": [
    {
      "word": "Payable on Death account"
    },
    {
      "word": "poor man's will"
    },
    {
      "word": "tentative trust"
    }
  ],
  "word": "Totten trust"
}