Definitions
There is 1 meaning of the phrase
Custodial Account.
Custodial Account - as a noun
A brokerage firm account that parents have created for a minor
Example Sentences
"I set up a custodial account for my child's college savings."
"The custodial account was established by the grandparents for their grandchildren's future needs."
"She opened a custodial account at a local bank to manage her nephew's finances."
"The custodial account allows the minor to receive and manage funds under the guidance of a custodian."
"Parents often utilize custodial accounts to save money for their children's future expenses."
