custodian meaning
[ kʌs'təudjən ] Pronunciation: "custodian" in a sentence
Noun: custodian kú'stowdeeun
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
More: Next- a custodian or trustee is appointed to oversee the debtor's property to protect it from loss.
- she quite enjoyed the sensation of bovine ignorance with which the cook's tourist surrenders himself into the hands of a custodian.
- he's not a teacher . actually, he's the custodian
- and they were allowed to remain as custodians ..
- on establishment and perfection of people's custodian system