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.

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Related Terms

Uniform Gift to Minors Act - More

UGMA - More

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American Depository Receipt (ADR)
American Depository Shares (ADS)

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custodial account is ...

... part of the Banking, Brokerages and Mutual Funds subjects.

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