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custody
(redirected from custodial)

   Also found in: Dictionary/thesaurus, Legal, Wikipedia, Hutchinson 0.06 sec.
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.

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Investigators assigned to conduct criminal investigations and custodial interrogations have the common goal of uncovering the truth.
I shared the library late shift with custodial workers who routinely passed by me picking up trash, sweeping, and vacuuming.
These exceptions were designed to allow banks to continue to execute securities transactions in connection with their normal trust, fiduciary, custodial, and other specified banking activities.
 
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