Custodial account

Custodial account,

Definition of Custodial account:

  1. The term custodial account generally refers to a savings account at a financial institution, mutual fund company, or brokerage firm that an adult controls for a minor (a person under the age of 18 or 21 years, depending on the laws of the state of residence). Approval from the custodian is mandatory for the account to conduct transactions, such as buying or selling securities.

  2. In a broader sense, a custodial account can mean any account maintained by a fiduciarily responsible party on behalf of a beneficiary, such as an employer-based retirement account handled for eligible employees by a plan administrator. A fiduciary is bound ethically and legally to act on the best behalf of another's interests.

  3. Bank, brokerage, or other kind of account established for a minor or beneficial owner but managed by a parent, custodian, or registered owner. Also called custody account. See also nominee account.

How to use Custodial account in a sentence?

  1. A custodial account is a savings account set up and administered by an adult for a minor.
  2. Custodial accounts do not require distributions at any point.
  3. Custodial accounts have enormous flexibility with no income or contribution limits, or withdrawal penalties.
  4. Gifts to a custodial account are irrevocable.
  5. The account's holdings irrevocably pass into the minor's control when they come of age depending on their state of residence.

Meaning of Custodial account & Custodial account Definition

Custodial Account,

How To Define Custodial Account?

  1. The term detention account generally refers to a savings account in an adult-controlled brokerage for a financial institution, mutual fund company, or minors (less than one person). 18 or 21, depending on the laws of the host country). Supervisor approval is required to perform transactions such as buying or selling securities.

    • Time deposit is an adult savings account for minors.
    • Deposit accounts have a lot of flexibility, with no income or contribution limit or return fee.
    • Deposit accounts do not need to be split at any time.
    • Donations made to Escrow Account cannot be canceled.
    • According to their country of residence, account holders are uncertainly controlled by minors as adults.

  2. Adult accounts were opened in financial institutions for minors or persons with disabilities. The term often refers to an individual's retirement account.

Literal Meanings of Custodial Account

Custodial:

Meanings of Custodial:
  1. Need relatives or jail.

  2. Responsibilities of relatives or parents, especially if assigned in connection with divorce.

Sentences of Custodial
  1. A 19-year-old man has been sentenced in court to six months in prison for taking pictures with his cell phone camera.

  2. He said long sentences were not appropriate, even if the suspect had already been sentenced.

  3. It is not always clear whether lending and consumer lending attitudes have changed as a result of advances in legal and conservative practices, or vice versa.

  4. Every police officer questioning in custody must read Miranda's rights.

  5. Hundreds protested the alleged killing in custody.

  6. The accused was charged with kidnapping, ■■■■■■■ and bodily harm.

  7. If the crime is serious or persistent, the team can arrange for strict surveillance of the minor through electronic identification, intensive surveillance or, ultimately, precautionary surveillance.

  8. He demanded an investigation into the death.

  9. Generally, penalties for breach of warranty must be taken into custody and other custody fines must be followed.

Account:

Meanings of Account:
  1. Interpretation or interpretation of a musical piece.

  2. Records or reports of financial income and expenses related to a particular period or purpose.

  3. The department of the company that handles the financial accounts.

  4. An arrangement in which an organization raises funds on behalf of a user or provides goods or services to a customer on credit.

  5. Users with provider accounts

  6. A contract to work regularly for a client.

  7. An agreement that gives a user personal access to a computer, website, or application by entering their personal username and password.

  8. See or see yourself in a certain way.

  9. For services provided by some individuals.

  10. For your own purposes.

  11. Alone without help.

  12. Do something for yourself.

Sentences of Account
  1. As you rightly say, the story is an accurate representation of what happened that night in the boardroom.

  2. Based on eyewitness testimony, the report details how Pashtun villages were attacked after being disarmed by local militia commanders.

  3. Most reports describe real events, usually accidental deaths, but not always.

  4. Dr. Friedmanns later described his post-D experiences during his treatment.

  5. There, anyone accessing online can post and read news and personal reports about events such as protests and thus benefit from the media in new ways.

  6. One program had several highly detailed newspaper reports which could only be viewed by those directly involved, none of which were published.

  7. So he begins his story with a detailed description of the appropriate behavior of a collector who communicates directly with people.

  8. Colin gave his girlfriend and neighbors a full account of the trial and the events that led to the murder.

  9. Even if somewhat distorted or adaptable, they are still a record of living events and, as such, a valuable resource for historians.

Synonyms of Account

deem, commitment, concern, results, singing, ledger, news, sketch, look on as, story, report, substance, momentousness, view as, book, pact, significance, compact, arrangement, gauge, bond, see as, judge, regard as, understanding, rate, seriousness, mark, weightiness, journal

Custodial Account,

What is Custodial Account?

  1. Accounts created for the benefit of a minor with an adult (an individual under the age of 18 or 21 under state law) as the administrator of an account.

  2. An account has been created for the benefit of the minor (under 18) with the adult responsible for this account.

  3. A financial account held by a minor but managed by a designated adult until the child reaches a certain age in account requirements.

Literal Meanings of Custodial Account

Account:

Meanings of Account:
  1. Failure to act or refuse to consider an element.

  2. Make an impression with your performance.

  3. It depends on what we hear or read.

  4. It is impossible to explain why different people like different things, especially things that are not appealing to speakers.

  5. Take revenge yourself

  6. Paying the amount owed (to someone)

  7. Make notes about

  8. Invite someone to explain an error or poor performance.

  9. Impossible.

  10. Make an unpleasant impression with your performance.

  11. Before making a decision, consider some other factors as well.

  12. Due date.

  13. Consider (some) other factors before making a decision.

  14. Keep a satisfactory record of something, usually money, for which you are responsible.

  15. Give or offer as a satisfactory explanation or explanation.

Sentences of Account
  1. Ethics and morals contain statements of moral conduct. They do not intend to represent the actual historical practice.

  2. Many first personal accounts of historical events.

  3. It is an interesting collection of poems, articles, reports and stories based on work and work experience.

  4. Users can post and read reviews of other passengers.

  5. A reader of this blog sent me a report on campaign experiences and its impact on voters.

  6. This is followed by brief accounts of the experience and discussions with the victims to recreate some of the events.

  7. His book, Kashian Bangsa, is a story about the events of those years and his experiences with them.

  8. Although this is a historical event, the record shows variations in details.

Synonyms of Account

recital, communiqué, think of as, statement, weight, covenant, rendition, import, count, rendering, settlement, gravity, interpret as, playing, portrayal, note, interest, tale, take for, prominence, hold to be

Custodial Account,

Custodial Account means,

  1. The term detention account usually refers to a savings account in a financial institution, ■■■■■ insurance company, or brokerage that controls minors (persons under 18 or 21, depending on the laws of the country of residence). Custodian approval is required for transactions such as buying and selling security.

    • A time deposit is a savings account opened by a minor.
    • Deposit accounts offer great flexibility with no income or contribution limit or return penalty.
    • Deposit accounts do not require a split at any time.
    • Donations to the escrow account cannot be canceled.
    • Accounts are controlled by minors when they reach the age of majority by country of residence.

  2. Meaning of Custodial Account: Accounts opened in financial institutions with minors or persons without legal qualifications. The term often refers to an individual's retirement account.

  3. An account created with an account administrator for the benefit of a minor (a person under the age of 18 or 21 under state law).

  4. Custodial Account means: Accounts created in favor of minors (under 18) with customer service representatives.

  5. A financial account owned by a minor but managed by a specific person unless the child's age meets the requirements of the account.

Literal Meanings of Custodial Account

Custodial:

Meanings of Custodial:
  1. Concerning or demanding imprisonment.

  2. Parental custody or parental responsibilities, especially divorce.

Sentences of Custodial
  1. Light prison sentence

  2. Parental Transfer Requests

Account:

Meanings of Account:
  1. Description of an account or an event or experience.

  2. Financial records or reports of income and expenditure for a specific period or purpose.

  3. Agreements in which an organization withholds funds from customers or provides goods or services to customers on credit.

  4. Consider or consider in a particular way.

Sentences of Account
  1. Detailed report on what was achieved

  2. In order to report accurately, the trustee must not combine trust assets with other properties.

Synonyms of Account

log, description, archive, vlog, register, transcript, delineation, sitrep, moblog, annal, history, explanation, minute, value, bank account, record, current account, deposit account, version, side, narration, weblog, adjudge, balance sheet, memoir, financial statement, transaction, consequence, interpretation

Custodial Account,

What Does Custodial Account Mean?

Custodial Account

The term custodial account usually refers to a savings account with a financial institution, ■■■■■ venture or brokerage that controls minors (persons under the age of 18 or 21, according to the laws of the country of residence). In order to conduct a transaction, such as buying and selling securities, the approval of the supervisor is required.

  • A time deposit is a savings account that is opened and managed by minors.
  • Deposit accounts offer high flexibility without any income or contribution limit or withdrawal penalty.
  • Deposit accounts do not need to be split at any time.
  • Donations to the escrow account are invalid, i. H. They cannot be adjusted or canceled.
  • Accounts under the control of minors are inviolable when they reach the age of majority, depending on the country of residence.

Accounts opened in financial institutions for minors or persons without legal capacity. The term often refers to an individual's retirement account.

An account created for the benefit of a minor (18 or under 21) with an account administrator.

Meaning of Custodial Account: A financial account owned by a minor but managed by a specific person until the minor reaches the age specified in the account requirements.

Literal Meanings of Custodial Account

Custodial:

Meanings of Custodial:
  1. Concerning imprisonment or demanding it.

  2. Parental custody or parental responsibilities, especially when considering divorce.

Sentences of Custodial
  1. Light gel

Account:

Meanings of Account:
  1. Description of an account or event or experience.

  2. Financial records or income and expense reports for a specific period or purpose.

  3. Prepare or submit files for cash accounts given or received.

Sentences of Account
  1. Detailed report of what was obtained

  2. For accurate reporting, the trustee should not combine fiduciary assets with other assets.

Synonyms of Account

rehearsal, proceeding, review, exposition, financial record, consider, chronicle, impression, importance, savings account, reckon, narrative, relation, diary