custodial account

1. 1.

   a brokerage firm account that parents have created for a minor

   Broadercash account

Questions about custodial account

What does custodial account mean?

custodial account means "a brokerage firm account that parents have created for a minor".

Is custodial account a common word?

custodial account is banded "Rare" — specialist or archaic — most readers will not have met it. The band comes from how often the word appears in a large corpus of everyday English, not from an editor's impression.