Financial

custodian account

custodian account

An account controlled by a custodian rather than the owner of the assets. Custodian accounts are often used for minors or other individuals who are unable or unwilling to handle their own assets.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive
Rather, the notes will be issued from a special-purpose trust whose security interest consists of the custodian account and a credit protection agreement with Freddie Mac.
HSAs require three things: A high-deductible health plan (HDHP), a bank/ custodian account and an administrator.
The integration allows advisors to obtain real-time account and cash balances, addresses, beneficiaries, contacts, and other information from TD Ameritrade Institutional for the Custodian Account Details report in the Advisor View(TM) portfolio management application and client portal.
At the point of acceptance, the accountability for the vehicle was established on the expeditionary logistics readiness squadron's (LRS) equipment custodian account, and the mission equipment accountability was recorded on the owning unit's equipment custodian account.
Contrary to what you may believe, controlled cryptographic items (CCI) RT1836(C)/APX-118(V), RT-1912(C)/APX-123(V), KIV-16, and KIV-77 ARE NOT REQUIRED to go through the COMSEC custodian account for reporting or documentation.
But first establish the purpose for setting up a trust fund or custodian account.
As a result of this integration, investors in IronChain's funds will now be able to see those positions alongside all of their investments in a regular custodian account such as Schwab or Fidelity.
The regulator has advised Ruen Chen to hold TWD30bn (USD1.02bn/EUR719m) in cash or assets in a custodian account for possible financing needs over the next 10 years, as well as to keep its entire Nan Shan stake in trust for a 10-year period.
The group has also been asked to keep TWD30bn in cash or assets in a custodian account for the next 10 years and put its entire stake in the unit, Nan Shan Life, in trust for 10 years.
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