In finance, a custodian is a financial institution, usually a bank, which keeps and secures the financial assets of another person or entity. The...Become a member and unlock all Study Answers Start today. Try it now Create an account Ask a question Our experts can answer your tough ...
An IRA custodian is usually a financial institution, such as a bank or a brokerage, entrusted with the responsibility of safeguarding the assets of a client's Individual Retirement Account (IRA). According to the rules set by the Internal Revenue Service (IRS), an IRA custodian must be an ...
A financial custodian is a company that has physical possession of your financial assets. It's often a brokerage, commercial bank, or other type of institution that holds your money and investments for convenience and security. Key Takeaways In financial services, a custodian is a company that ...
百度试题 结果1 题目What is the meaning of the underlined word "custodian" in paragraph 1? A. a teacher B. a guard C. a cleaner D. a helper 相关知识点: 试题来源: 解析 C 反馈 收藏
Although anyone may contribute to a custodial account, control of the account is managed by the custodian. Once the minor beneficiary reaches the age of majority (as determined by the state), the custodian can transfer the funds in the account over the funds to the minor. ...
Data Management Storage Margaret Rouse Technology expert Margaret is an award-winning writer and educator known for her ability to explain complex technical topics to a non-technical business audience. Over the past twenty years, her IT definitions have been published by Que in an encyclopedia of ...
While the child is a minor, the custodian can buy or sell investments as they see fit. Advantages and disadvantages of a custodial account Like any financial decision, it's important to weigh the advantages against any potential drawbacks before opening an account. ...
In finance, what is a custodian? What is an unqualified audit report? What is forensic accounting? What are tax audits? What is a financial advisor? What is a tax consultant? What is personnel research? What is an audit? What does a sales consultant do?
or brokerage firm managed by one person for the benefit of another. Generally, an adult controls a custodial account for a minor (a person under the age of 18 or 21 years, depending on the laws of the state of residence). Approval from thecustodianis mandatory for the account to conduct...
A custodian bank is a financial institution that holds customers' securities in electronic or physical form to minimize the risk of theft or loss.