custodian

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. Bloomberg Financial Dictionary
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The party that safekeeps and administers assets on behalf of the owner. Euroclear Clearing and Settlement glossary

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custodian cus‧to‧di‧an [kʌˈstəʊdiən ǁ -ˈstoʊ-] noun [countable]
1. someone who is responsible for looking after something valuable for another person or for the public:
custodian of

• As the former custodian of Europe's strongest currency, the deutsche mark, the Bundesbank effectively dictated monetary policy across the Continent.

2. LAW in the US, someone who represents the interests of a child and is responsible for looking after their money and property :

• The custodian will manage the property if the gift giver dies before the child has reached the age specified by state law — usually 21.

3. BANKING FINANCE a financial institution that is responsible for looking after the assets of a mutual fund

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custodian UK US /kʌsˈtəʊdiən/ noun [C]
LAW, FINANCE someone who has the legal right to manage and look after another person's money, investments, etc.: »

The report was sent to the owners and the custodians of the corporation's voting stock.


Financial and business terms. 2012.

Synonyms:

Look at other dictionaries:

  • custodian — cus·to·di·an n: an individual entrusted with guarding and keeping property or having custody of a person: as a: the warden of a prison b: a person given custody of a child by court order c: a person named to manage a child s property under the… …   Law dictionary

  • custodian — (11) The term custodian means (A) receiver or trustee of any of the property of the debtor, appointed in a case or proceeding not under this title; (B) assignee under a general assignment for the benefit of the debtor s creditors; or (C) trustee …   Glossary of Bankruptcy

  • custodian — 1781, from CUSTODY (Cf. custody) (L. custodia) + an. As janitor, by 1944, Amer.Eng., short for custodian janitor (by 1899) …   Etymology dictionary

  • Custodian — Cus*to di*an (k?s t? d? an), n. [From {Custody}.] One who has care or custody, as of some public building; a keeper or superintendent. [1913 Webster] …   The Collaborative International Dictionary of English

  • custodian — [n] caretaker, maintenance person baby sitter, bodyguard, Cerberus, claviger, cleaner, cleaning person, concierge, curator, escort, guardian, housesitter, keeper, maintenance person, manager, overseer, protector, sitter, steward, super*,… …   New thesaurus

  • custodian — ► NOUN ▪ a person who has responsibility for or looks after something …   English terms dictionary

  • custodian — [kəs tō′dē ən] n. [< CUSTODY] 1. a person who has the custody or care of something, as of a private library; caretaker; keeper 2. a person responsible for the care and maintenance of a building custodianship n …   English World dictionary

  • Custodian — The term Custodian may refer to: Janitor, a person who cleans, maintains, provides security and initiates repairs or makes minor repairs to buildings. Custodian bank, an organization responsible for safeguarding a firm s or individual s financial …   Wikipedia

  • custodian — cus|to|di|an [kʌˈstəudiən US ˈstou ] n 1.) someone who is responsible for looking after something important or valuable custodian of ▪ Farmers are custodians of the land for the next generation. 2.) especially AmE someone who looks after a public …   Dictionary of contemporary English

  • Custodian — Als Depotbank (engl. Custodian) bezeichnet man in Deutschland gemäß dem Investmentgesetz (InvG) Kreditinstitute, bei denen die Sondervermögen (z. B. Wertpapiere) von Investmentfonds in Wertpapierdepots hinterlegt werden. Zuweilen werden auch… …   Deutsch Wikipedia

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