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 ?
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.
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.
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.