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custodial account

   Also found in: Financial, Wikipedia 0.06 sec.
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Noun1.custodial account - a brokerage firm account that parents have created for a minor
cash account - an account with a securities brokerage whose transactions are settled on a cash basis

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Almost $6,000 has been raised so far, and a custodial account -- No.
While parents will have to open a custodial account for children under 18, the process of doing it together exposes young people to investing.
The Sixth Circuit said that only assets of an ERISA plan held in a trust would be excluded from the bankruptcy estate and that assets in a custodial account could not be excluded.
 
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