988,147,122 visitors served.
988,147,122 visitors served. |
|
 Dictionary/ thesaurus |  Medical dictionary |  Legal dictionary |  Financial dictionary |  Acronyms |  Idioms |  Encyclopedia |  Wikipedia encyclopedia | ? |
Custodial Account |
Also found in: Dictionary/thesaurus, Wikipedia | 0.06 sec. |
|
Custodial Account 1. An account created at a bank, brokerage firm or mutual fund company that is managed by an adult for a minor that is under the age of 18 to 21 (depending on state legislation).
2. A retirement account managed for eligible employees by a custodian. Notes: 1. In a custodial account, approval from the custodian is required in order for a minor to transact securities. The custodian of these types of accounts is usually a parent or guardian of the minor.
2. The investments managed within a custodial account are limited to mutual funds, and other similar products offered by regulated investment companies. |
|
? Mentioned in | ? References in periodicals archive | ||
|---|---|---|---|
| Almost $6,000 has been raised so far, and a custodial account -- No. While parents will have to open a custodial account for children under 18, the process of doing it together exposes young people to investing. The Sixth Circuit said that only assets of an ERISA plan held in a trust would be excluded from the bankruptcy estate and that assets in a custodial account could not be excluded. |
 |
| Free Tools: |
For surfers:
Browser extension |
Word of the Day |
Help
For webmasters: Free content NEW! | Linking | Lookup box | Double-click lookup | Partner with us |
|
|---|
Disclaimer |
Privacy policy |
Feedback | Copyright © 2008 Farlex, Inc.
Printer friendly
Cite / link
Email
Feedback
Add definition
Custodial Account
