custody


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Related to custody: Child custody

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 ?
Mayefsky later accused Hoppy of wanting to share custody in order to receive steady checks from the Skinnygirl founder.
The family of these witnesses initially sought her help, but the parents of the minors have already decided to recall the custody of the witnesses from the senator,' she added.
In the last few years, several states have enacted legislation regarding shared custody, although the term can mean different things in different states, and is often used interchangeably with joint custody, shared custody and shared parenting time.
Courts once subscribed to the notion that women are more likely than men to be better caregivers, and many policies discouraged awarding custody to fathers.
Street Triage Scheme: Understand how the Street Triage Scheme has successfully reduced the number of people with mental health issues being taking into custody
Police and Crime Commissioner Matthew Ellis said: "Independent Custody Volunteers are central to ensuring an open and transparent service.
The court said Anurag's custody would enable the probe agency to get the encrypted data analysed and further interrogate him to unearth the entire conspiracy and also ascertain the involvement of the other people in the case.
The authors hypothesized that sole custody awards would be negatively correlated with low income, lack of education, arrest history family service involvement, and mental health treatment/hospitalization.
As the number of each gender's custody strata deviates either above or below the properly staffed and designated use of that custody level's beds, efficient capacity utilization diminishes.
South Wales Police Authority vice-chairman John Littlechild said: "With more than 50,000 people being detained in police custody in South Wales each year, it is essential that conditions are kept to a high standard.
Over the years, and not forgetting the building is 60 years old, we have found in the majority the custody area has been clean and tidy, with no cause for concern.
Chief Insp Mel Williams, head of custody services, said: "The safety and welfare of people who come into police custody is a huge responsibility for West Yorkshire Police and one we take very seriously .