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A custodial agreement defines the relationship between the client and a custodian. It covers all of the assets held in custody, including non-securities and assets not held at a depository or sub-custodian. A custodial agreement is a legal contract between the owner of assets or property and a nominee that agrees to hold the assets or property on behalf of the owner.
A custodial agreement is a legal agreement that establishes a framework for managing retirement savings accounts. It outlines the responsibilities of the custodian, who manages the account, and the … Define custodial agreement. An agreement that may be entered into among the company, the master servicer, the trustee and a custodian pursuant to which the custodian will hold certain documents …
