custodian meaning

[ kʌs'təudjən ] Pronunciation:   "custodian" in a sentence
Noun: custodian  kú'stowdeeun
  1. One having charge of buildings or grounds or animals
    - keeper, steward

Derived forms: custodians

See also: custodial, custodianship

Type of: defender, guardian, protector, shielder

Encyclopedia: Custodian


[Business]
AmE / noun [C]

1

a person who is responsible for taking care of or protecting sth:

the museum's custodians

He sees his role as custodian of the corporate culture.

2 (Finance )

a financial institution that looks after shares, bonds, etc. and their certificates on behalf of investors:

The trust has appointed Kleinwort Benson to act as custodian of the securities.

a custodian bank

3 (Law ) (AmE)

in the US, a person or company that is given the responsibility of looking after property or money on behalf of a child:

She will act as custodian until he reaches the age of 21.

4 (AmE) = CARETAKER


[Economics]
A person who holds securities on behalf of their owner.

[Finance]
Either (1) a bank, agent, trust company, or other organization responsible for safeguarding financial assets, or (2) the individual who oversees the mutual fund assets of a minor's custodial account.

[Law]
Under the Uniform Transfers to Minors Act, the person appointed to manage and dispense funds for a child without constricting court supervision and accounting requirements.

Examples

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  1. a custodian or trustee is appointed to oversee the debtor's property to protect it from loss.
  2. she quite enjoyed the sensation of bovine ignorance with which the cook's tourist surrenders himself into the hands of a custodian.
  3. he's not a teacher . actually, he's the custodian
  4. and they were allowed to remain as custodians ..
  5. on establishment and perfection of people's custodian system

Related Words

Browse

  1. custodial meaning
  2. custodial account meaning
  3. custodial area meaning
  4. custodial care meaning
  5. custodial fees meaning
  6. custodian bank meaning
  7. custodian of postal effects meaning
  8. custodian trustee meaning
  9. custodianship meaning
  10. custodier meaning
PC Version