Custodial Agreement
type: Class
preferred label: Custody Agreement
subclass of: R8Q31MHgiF9qpQ2nPT5UPWp
definition: A Custodial Agreement is a contract where a financial institution, often a bank, agrees to hold and safeguard an individual's or entity's financial assets. The custodian may also provide additional services like account administration, transaction settlements, and tax support.