What does in trust for mean on a Certificate of deposit?

"In trust for" on a Certificate of Deposit (CD) indicates that the account is held in a fiduciary capacity, meaning the account owner (the trustee) manages the funds for the benefit of another person or entity (the beneficiary). This arrangement allows the trustee to manage the funds according to the terms set out in a trust agreement. It can be used for estate planning or to ensure that funds are used for specific purposes, such as education or support for a minor.