a written or spoken description of an event:
Custodial Account
-
A custodial account is a savings account set up and administered by an adult for a minor. In a broad sense, a custodial account can mean any account maintained by a fiduciarily responsible party on behalf of a beneficiary and may take many forms.
Custodial Account meaning & definition 1 of Custodial Account.
-
a bank or investment account that is set up and managed for someone else, for example, by a childs parents:
Custodial Account meaning & definition 2 of Custodial Account.
Similar Words