In fund management terminalogy, what is the meaning custodial account?
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An account where the investment is purchased from one company but the securities/bonds, etc. are physically held somewhere else. In the mutual fund world, you would buy shares from a company like Fidelity but the underlying securities/bonds, etc. are physically held by a bank.
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A Commercial bank issues loans and conducts personal wealth management sometimes. Depending on the laws of different countries, you may only be able to deposit money to a commercial bank.\n\nA Commerical bank profits mostly from the interest differences and service charges.\n\nNon-bank financial institutions are typically investment banks and funds. Investment banks are agents that conducts stock offering sponsorship, debt offering sponsorship, merger and acquision, financial advising, and etc. Funds include venture capital funds, which invests in the equities of early stage companies, growth fund, which invests after venture capitalists, financial funds, which invests in the equities of pre-IPO firms, and other funds such as pension funds, insurace funds, and mutual funds which invest in stocks, bonds, and government securities.\n\nInvesetment banks profits from fees they charge and the underwriting spreads.\n\nFunds profits from captial gains, dividents, and debt interest.
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YOu have to be 18 to open a brokerage account. A parent or guardian can open a custodial account for you. I'm opening a custodial account for my 7 week old baby.
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Treatment of withdrawal amount \nThe lump sum received from the superannuation fund is not itself held as income. Depending on what the customer uses the withdrawn amount for, further assessment may be necessary. \nIF the withdrawn amount is spent or used for other non-assessable purposes NO further assessment is necessary.
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I don't think it is a standard term. Probably it is an agreement that you won't borrow money from anyone else that would jeopardize the lender's ability to foreclose on your assets. The link is an example,
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A reserve is a an asset contra-account to estimate future losses from the current.  Historically, reserves could also be created by a board of directors, such as reserves for new plant construction.  That would now at most be restricted cash.  Reserves were required under the old tax code to permit earnings to be retained rather than distributed.\n\nRetained earnings are an equity account above the amount paid in.  They are earnings retained for use by the business and not distributed to shareholders.
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what details do u want.if u want to know what it means then it is simply trasfer of funds thru internet from one account to other
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If you're a paid investment manager, you have a legal obligation to manage clients' money for their own financial interest, not yours.  You can collect fees and/or comissions according to your agreement with the clients, but if you do anything like churn their investments to generate revenue, they can sue you.  You might also get in trouble with regulators.
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FDIC insured bank accounts. T-Bills (Treasury Direct).\nBe very careful of answers you recieve on this system that direct you to a web site!
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Credit-Capital, drawing \n Debit-owners equity\n\nIt goes one the income sheet under owners equity.
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Clearing Accounts Accounts used to accumulate total receipts or expenditures for later distribution among the accounts to which such receipts or expenditures are properly allocable.
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Yes, but save your beneficiary the trouble and word your beneficiary statement like this:\n\nJoe Shmoe Custodian for Your Child.\n\nAlternatively, you can name a custodian (trustee) in your will. Remember, a Guardian has the legal rights to make decisions regarding the upbringing and welfare of your child, but it is the trustee that you name that has the responsibility for the management of the child's assets. It is wise to name two different people to these posts. Either one is a big responsibility and to ask one person to do both can be overwhelming.
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Fees are excepted in exchange for managing the fund. The thinking that you receive a greater rate of return with someone  carefully managign your investuaory.
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Vested means that you are entitled to the entire amount.  It is usually used in reference to company retirement plans.  In some plans, the employee is not fully vested in  until a certain number of years, so even though the company has put X dollars into the account, if the employee leaves before he/she is vested, he/she loses it.
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All simple intrest problems use the simple intrest equation,\n\nI=PRT or PRT=I\n\nWhere\n\nP = principal, the amount deposited or borrowed, in dollars.\n\nR = annual interest rate, in percent, expressrd as a decimal or fraction.\n\nT = time the account is open, in years \n\nI = interest earned, in dollars, during the T years.
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A comprehensive range of services including will writing, trust, executorship and estate administration or acting under power of attorney.  The bank will accumulate your assets and manage them during the estate settlement period.
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A pool of money that is not earmarked for a specific purpose.  In many large businesses and gov't organizations, there are accounts for certain expenses (say office supplies, payroll, overhead, travel, etc.) and the money that is in those accounts has to be documented to have gone to something fitting the purpose it has been established for.\n\nSlush funds are excess funds that are not specifically meant for any one purpose in particular.  The money usually comes from small, random deposits and is kept on hand for unique situations that may arise.  \n\nWhere I work, the profit from the vending machines goes into a slush fund for company activities like a picnic or holiday party.  Things we can't use normal business income for.\n\nHere is a "real" definition...