custodial account definition

custodial account

Bank, brokerage, or other kind of account established for a minor or beneficial owner but managed by a parent, custodian, or registered owner. Also called custody account. See also nominee account.

custodial account is in the Banking, Commerce & Finance, Corporate, Commercial, & General Law and Investing subjects.

custodial account appears in the definitions of the following terms: sinking fund, American Depository Receipt (ADR), custody account and American Depository Shares (ADS)

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