CUSTODIAL ACCOUNT

Pronunciation (US):

(GB):

 I. (noun) 

Sense 1

Meaning:

A brokerage firm account that parents have created for a minor

Classified under:

Nouns denoting possession and transfer of possession

Hypernyms ("custodial account" is a kind of...):

cash account (an account with a securities brokerage whose transactions are settled on a cash basis)

Credits