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Finance Glossary

Just call us Bond. Amortized bond.

Over 700 finance terms, Shmooped to perfection.

Custodial Account

Definition:

Richie Rich can't place his own trades but his custodian can. If Richie is either a minor or mentally incapable of doing the deed, a custodian has to give the green light to execute. Custody isn't a flavor comparison to yellow pudding.

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