custodial account

Definition
An account which is created for the benefit of a minor, usually at a bank, mutual fund, or brokerage, with an adult as the custodian.




custodial account is ...
... part of the
Banking, Brokerages and Mutual Funds subjects.


Related Terms

Uniform Gift to Minors Act -  More
UGMA -  More


custodial account appears in the definitions of these other terms on BusinessDictionary.com

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