custody

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Related to custodial: custodial account, custodial care, Custodial sentence, Custodial Parent

Custody

A service in which a brokerage or other financial institution holds securities on behalf of the client. This reduces the risk of the client losing his/her assets or having them stolen. They are also available to the brokerage to sell at the client's demand. Like a bank, custody provides an investor a place to store assets with little risk. Unlike a bank, custodians are not allowed to use the items in safekeeping for their own ends. Assets in custody are not fungible for the brokerage because they remain on the client's name. For this reason, these institutions normally charge custodial fees for safekeeping services.

custody

A safekeeping service that a financial institution provides for a customer's securities. For a fee, the institution collects dividends, interest, and proceeds from security sales and disburses funds according to the customer's written instructions.
References in periodicals archive ?
We need more women in the custodial corps to make it a modern and professional service," said Ms.
1 percent of all custodial parents had at some point contacted a child support enforcement office or other government office for child support-related assistance, down from 42.
Ian Ungi, 47, of Grove Park, Toxteth 1 x CTPTCOJ - 6-month custodial.
00 is paid to the custodial parent of a child on SSI, the $674.
Where one or both parents have the right to physical custody for over one-half of the calendar year and the child is under the age of majority under state law, the parent with whom the child resides longer during the calendar year is the custodial parent.
Custodial violence, including torture and death in lock-ups, strikes a blow at the rule of law, which demands that the powers of the executive should not only be derived from law but also that they should be limited by law.
Garvey could implement his pilot program, provided he negotiated the move with the custodial union and no custodian lost his job.
In Washington state, records show that since 1993, when full child support payments are regularly received by custodial families, they are much less likely to use expensive public services.
The commitment of departments to effectuate change in their investigative practices related to the electronic recording of custodial interrogations will allow them to reap the benefits of an established, effective, and reliable police practice while avoiding a potentially chaotic transition if mandated to do so in the future.
Depending on their size, custodial accounts may have income tax implications.
The agency could not therefore justify her apprehension from her father's care (the father is the custodial parent).
In each of these cases, teachers believed that a tightly controlled, or custodial, learning environment was appropriate.