trustfund
nounUK /ˈtrʌst fʌnd/
US /ˈtrʌst fʌnd/
A trust fund is money that a grown-up keeps safe for someone until they are older.
Her grandparents set up a trust fund to help pay for her college.
RELATED WORDS
OTHER MEANINGS
2. A legal arrangement where a person or bank manages money for someone else's benefit.
The lawyer explained how the trust fund would be managed until the children turned eighteen.
3. Money given regularly to support an organization or group.
The charity receives money from a trust fund set up by a local business.
4. A sum of money saved for a special purpose, like education or a house.
They started a trust fund for their new baby's future.