Home > Terms > English, UK (UE) > Custodian
Custodian
An adult person selected to manage the assets of a minor under either the Uniform Gifts to Minors Act or the Uniform Transfers to Minors Act. The custodian is responsible for investing and reinvesting a minor's assets prudently and disbursing the assets to the minor, or for the minor's benefit.
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- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Financial services
- Category: Funds
- Company: Merrill Lynch
- Product:
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