Vocab Bloom Hub

custodial account

/kʌˈstəʊdiəl əˈkaʊnt/

Traducción: Cuenta financiera abierta por un adulto (tutor o custodio) a nombre de un menor, administrada hasta que el menor alcanza la mayoría de edad.

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phrase

/kʌˈstəʊdiəl əˈkaʊnt/C1formallegal
  • esCuenta financiera abierta por un adulto (tutor o custodio) a nombre de un menor, administrada hasta que el menor alcanza la mayoría de edad.

A financial account held by an adult (the custodian) on behalf of a minor, managed until the minor reaches legal age.

  1. Financial account for a minorC1formalamerican

    A financial account (such as a savings or investment account) that is managed by an adult (the custodian) for the benefit of a minor until they reach legal age.

    escuenta de custodia

    • The parents opened a custodial account for their daughter's college fund.
    • Funds in a custodial account legally belong to the child but are controlled by the custodian.
    • When the child turns 18 or 21, the custodial account is transferred to their name.