Vocab Bloom Hub

custodial account

/kʌˈstəʊdiəl əˈkaʊnt/

Traduction: Compte financier ouvert par un adulte (tuteur) au nom d'un mineur, géré jusqu'à ce que ce dernier atteigne sa majorité.

1 entrée

phrase

/kʌˈstəʊdiəl əˈkaʊnt/C1formallegal
  • frCompte financier ouvert par un adulte (tuteur) au nom d'un mineur, géré jusqu'à ce que ce dernier atteigne sa majorité.

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.

    frcompte de garde pour mineur

    • 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.