custodial account Definition

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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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

custody account, American Depository Receipt (ADR), American Depository Shares (ADS), sinking fund