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Eric Trump Opens Citi Account With Funds From Father's Trust

Reports indicate Eric Trump has deposited part of former President Donald Trump's trust money into a newly opened Citibank account.

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Terms & Concepts
  • Trust Fund: A legal entity holding assets for the benefit of certain individuals or organizations, managed by a trustee under specific terms.
  • Deposit Account: A banking account where funds are stored, allowing withdrawals and deposits by the account holder.