Get Free Checker

custodial account

NOUN
  1. a brokerage firm account that parents have created for a minor

How To Use custodial account In A Sentence

  • The right way is called the custodial account; the wrong way is to do what all too many parents and grandparents do—open a joint account. MORE WEALTH WITHOUT RISK
  • Assistance with appointment of custodian and opening of a custodial account.
  • For example, it says that your money must be deposited into a custodial account, which walls it off in case your employer goes bankrupt or is sold.
  • They recently opened up a custodial account for their 13-year-old daughter.
View all