custodian

Definition

An agent, bank, trust company, or other organization which holds and safeguards an individual's, mutual fund's, or investment company's assets for them.

Use custodian in a sentence

They had a custodian working there at night that made sure everything got clean and everything went smoothly in the school.

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After I set aside some funds for my son's education, my bank agreed to take them on as a trust and agreed to act as custodian for those funds.

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After working happily at the local school for 30 wonderful years, I can confidently say I have no regrets about choosing to be a custodian for my career.

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