custodial account
An account opened by a parent on behalf of a minor. Deposits to a custodial account are irrevocable and along with the earnings in the account become the permanent property of the minor. When the child reaches the age of majority (18 or 21, depending on the state) he or she assumes full Control over the account and any assets in it.
Browse by Subjects
ex-dividend
quarterly earnings growth
total asset turnover ratio
family of funds
consumer confidence