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master trust account

English translation: A combined (master) account where all the benefits of a minor are kept and managed.

01:40 Mar 14, 2020
English language (monolingual) [PRO]
Bus/Financial - Finance (general)
English term or phrase: master trust account
I'm translating a CASE PLAN in the interest of minor children.
Question: Please help me understand what "master" mean in this case!
Thank you!

Example context: http://centerforchildwelfare.org/kb/FSFN/JudicialReviewwithM...



Context:
NDEPENDENT LIVING SERVICES
MASTER TRUST INFORMATION
Does the child have a master trust account?
(If yes, attach Statement of Account)
Yes No
If no, does the child need a master trust account established?
Yes No
If a master trust account needs to be established, then the case manager will establish one on or before:
Nam Vo
Vietnam
Local time: 21:18
Selected answer:A combined (master) account where all the benefits of a minor are kept and managed.
Explanation:
Trương Mục Ký Thác Tổng Hợp (Cho Người Vị Thành Niên).

Master Trusts were created to hold in trust the money and property intended for the use and benefit of children who are either receiving services from the Department of Children and Families (DCF) or in DCF’s legal custody. Government funds and benefits received by the children are deposited into the Master Trust.

http://centerforchildwelfare.org/kb/mastertrust/OCIP-MasterT...
Selected response from:

Kiet Bach
United States
Local time: 07:18
Grading comment
Thank you very much :)
4 KudoZ points were awarded for this answer



SUMMARY OF ALL EXPLANATIONS PROVIDED
4 +3A combined (master) account where all the benefits of a minor are kept and managed.
Kiet Bach


  

Answers


35 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +3
A combined (master) account where all the benefits of a minor are kept and managed.


Explanation:
Trương Mục Ký Thác Tổng Hợp (Cho Người Vị Thành Niên).

Master Trusts were created to hold in trust the money and property intended for the use and benefit of children who are either receiving services from the Department of Children and Families (DCF) or in DCF’s legal custody. Government funds and benefits received by the children are deposited into the Master Trust.

http://centerforchildwelfare.org/kb/mastertrust/OCIP-MasterT...

Kiet Bach
United States
Local time: 07:18
Specializes in field
Native speaker of: Native in ChineseChinese
PRO pts in category: 16
Grading comment
Thank you very much :)
Notes to answerer
Asker: Thank you very much :)


Peer comments on this answer (and responses from the answerer)
agree  AllegroTrans
11 mins
agree  Daryo
1 day 4 hrs
agree  Khalid al-Aqied
3 days 18 hrs
Login to enter a peer comment (or grade)



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