Custodian

Custodian,

Definition of Custodian:

  1. Since they are responsible for the safety of assets and securities worth hundreds of millions or even billions of dollars, custodians tend to be large and reputable firms.

  2. A custodian or custodian bank is a financial institution that holds customers' securities for safekeeping to prevent them from being stolen or lost. The custodian may hold stocks or other assets in electronic or physical form.

  3. Trustee who holds trust assets in his or her name.

  4. Bank or other financial institution that holds securities for safe keeping on behalf of its customers, under a custodial agreement.

  5. A person who has responsibility for or looks after something.

Synonyms of Custodian

MC, Air warden, Attendant, Attorney, Bailiff, Bull, Butler, Caretaker, Castellan, Cerberus, Char, Charwoman, Cleaner, Cleaner-off, Cleaner-up, Cleaning lady, Cleaning man, Cleaning woman, Commandant, Conservator, Croupier, Curator, Custos, Emcee, Factor, Forest ranger, Game warden, Gamekeeper, Gaoler, Governor, Guard, Guardian, Guardian angel, Housekeeper, Jailer, Janitor, Janitress, Keeper, Landreeve, Librarian, Lifeguard, Lifesaver, Majordomo, Master of ceremonies, Next friend, Overseer, Principal keeper, Prison guard, Prochein ami, Proctor, Procurator, Ranger, Screw, Seneschal, Shepherd, Steward, Supervisor, Turnkey, Warden, Warder, Watchdog, Curator, Keeper, Conservator, Guardian, Overseer, Superintendent

How to use Custodian in a sentence?

  1. In modern times, these assets may be stored in physical or electronic form.
  2. A custodian is a bank that holds financial assets for safekeeping to minimize the risk of theft or loss. .
  3. The custodians of pension and insurance funds.
  4. Investment advisors are required to arrange for a custodian for assets they manage for their clients.

Meaning of Custodian & Custodian Definition