| English Dictionary |
CUSTODIAL ACCOUNT
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| IPA (US): |  |
Dictionary entry overview: What does custodial account mean?
• CUSTODIAL ACCOUNT (noun)
The noun CUSTODIAL ACCOUNT has 1 sense:
1. a brokerage firm account that parents have created for a minor
Familiarity information: CUSTODIAL ACCOUNT used as a noun is very rare.
Dictionary entry details
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)
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