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Financial terms starting with "K"

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1. kiwi bond

2. killing

3. KI

4. Know Your Client - KYC

5. keep

6. KLCE

7. key box

8. KG

9. Kerosene

10. Kerb Market

11. knee wall

12. Katie Couric Clause

13. Klinger Oscillator

14. key reversal day

15. kiln run

16. kitchen triangle

17. KPW

18. keyless

19. KWT

20. Keynesian Economic Theory

21. Keykode

22. Kidnap Insurance

23. Kyrgyzstani Som - KGS

24. Kilometre Of Standard River

25. KH

26. Kelley School Of Business - Indiana University

27. K-factor

28. kite

29. king post

30. Kenney ratio

31. KY

32. K

33. KBW Bank Index

34. kitchen sink bond

35. kilowatt

36. Kiasu

37. Knocking Copy

38. Kcbot

39. kingbolt

40. Krannert School of Management

41. Kenyan Shilling

42. KIR

43. Krugerrand

44. Kyrgyzstan Som

45. Kuala Lumpur Options and Financial Futures Exchange (KLOFFE)

46. king closer

47. kite flier

48. Kotecki waiver

49. key

50. Key Family

51. Keiretsu

52. KEN

53. Korea Stock Exchange (kse)

54. Keidanren

55. Knowledge Base

56. Killer Application

57. kick hole

58. Kindred

59. knee brace

60. KW

61. key performance indicators

62. KE

63. killer bee

64. keep up

65. Key Variable

66. kitchenette

67. knock-down texture

68. Korea Stock Exchange (KSC) .KS

69. Kind-of-activity Unit Eurostat

70. Karachi Stock Exchange (KSE)

71. key person insurance

72. Key Ratio

73. Kondratieff Wave

74. Kamikaze Defense

75. k-percent rule

76. Keltner channel

77. Killer App

78. Kerb Trading

79. Korea Investment Corporation

80. KYD

81. Knowledge Worker

82. Key Employee

83. knob and tube wiring

84. kangaroo bond

85. Keyframe

86. knockdown price

87. KNA

88. keyboarding

89. Karl Marx

90. kraft

91. Keepwell Agreement

92. keystone

93. KOR

94. knockdown

95. Kazakhstan National Fund

96. Kitchen

97. KES

98. knockout plug

99. Keogh plan

100. Kids In Parents' Pockets Eroding Retirement Savings - KIPPERS

Note: Maximum 100 records reached. Please narrow your search.

Featured term of the day

Definition / Meaning of

Custodial Account

Categories: Mutual Funds, Banking, Brokerages,

If you want to make investments on a minor's behalf, or transfer property you own to that person, you can open a custodial account with a bank, brokerage firm, mutual fund company, or insurance company.You name an adult custodian for the account - either yourself or someone else - who is responsible for managing the account until the child reaches the age of majority. That age may be 18, 21, or 25 depending on the state and the type of account you choose. At majority, the child has the legal right to control the account and use the assets as he or she chooses.There may be some tax advantages in transferring assets to a minor. If the child is under 18, investment earnings above a specific level that Congress sets each year are taxed at the parents' marginal tax rate. But if the child is 18 or older, all investment earnings are taxed at the child's rate - again, typically the lowest rate. In addition, gifts you make to the account are no longer part of your estate, which may reduce vulnerability to estate taxes. However, it's wise to review your plans with your legal and tax advisers.One drawback of a custodial account is that the assets are considered the property of the child, and may reduce the amount of financial aid the child qualifies for when he or she enrolls in a college or university.

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