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.
References in periodicals archive ?
Advisors can view these details from Schwab within Advisor View's Custodian Account Details reports.
With the goal of creating comprehensive giving options correlated to investment goals and risk, the alliance will give credit unions new alternatives, which include an insured CD custodian account and a Part 703 compliant investment trust, according to both firms.
Taipei, June 10, 2011 (CENS)--The Financial Supervisory Commission (FSC) announced yesterday (June 9) approval of investment by Ruencheng Investment Holding (literal translation) in Nan Shan Life Insurance, but required the latter to put forth an additional NT$6 billion of cash under a custodian account within 60 days.
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.
With that experience under his belt, Nelson went on to start trading stocks at the age of 14, through a custodian account at Dean Witter.
But first establish the purpose for setting up a trust fund or custodian account.
Further protections include a state intercept of local aid for borrowers and the ability to access a bond bank custodian account.
Computershare has agreed to provide access to a Clearstream or Euroclear eligible custodian account for registered shareholders who are United States persons and who do not have access to a Clearstream or Euroclear eligible account.
Computershare has agreed to provide access to a Clearstream eligible custodian account for registered shareholders who are United States persons and who do not have access to a Clearstream eligible account.
The bond bank plans to continue to use the custodian account for deposits to fund reserves on future bond issues.
The shareholders of record who are eligible to receive the KID shares are registered shareholders and/or DTC participants of Terra Nova, who will need to establish a Clearstream eligible brokerage or custodian account for the acceptance of the KID shares.