custody

custody
The safekeeping (and often settlement) of investments introduced as a category of investment business under the Financial Services Act 1986 in June 1997. Dresdner Kleinwort Wasserstein financial glossary

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custody cus‧to‧dy [ˈkʌstədi] noun [uncountable]
1. LAW in/​into custody kept in prison by police until you go to court, because the police think you are guilty:

• A man is being held in police custody in connection with the murder.

• He was arrested and taken into custody.

2. FINANCE when a financial institution looks after someone's share certificate S, money, assets etc, or invests money for them:

• The new subsidiary will offer custody services.

• The shares are in a custody account.

ˌsafe ˈcustody BANKING
when a bank takes care of important documents or other valuable possessions for someone, in return for a regular charge:

• Banks also provide safe custody facilities for their customers.

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   The storage and safekeeping of securities and the maintenance of accurate records of their ownership. Cross-border trading has produced a growing need for custody services both within countries and globally.
   ► See also Clearstream, Euroclear.

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custody UK US /ˈkʌstədi/ noun [U]
LAW, FINANCE the legal right to manage and look after another person's money, investments, etc.: »

Investment advisers with actual custody of clients' funds pose a higher risk to clients.

See also SAFE CUSTODY(Cf. ↑safe custody)

Financial and business terms. 2012.

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Look at other dictionaries:

  • custody — cus·to·dy n [Latin custodia, from custod custos guardian]: care or control exercised by a person or authority over something or someone: as a: supervision and control over property that usu. includes liability for damage that may occur b: care… …   Law dictionary

  • Custody — may refer to: Legal custody Child custody, a description of the legal relationship between a parent (or guardian) and child Police custody or detention, a lawful holding of a person by removing their freedom of liberty Custody (film), a 2007… …   Wikipedia

  • Custody — Cus to*dy (k?s t? d?), n. [L. custodia, fr. custos guard; prob. akin to Gr. ?????? to hide, and E. hide. Seee {Hide} to cover.] 1. A keeping or guarding; care, watch, inspection, for keeping, preservation, or security. [1913 Webster] A fleet of… …   The Collaborative International Dictionary of English

  • custody — [kus′tə dē] n. pl. custodies [ME custodie < L custodia < custos, a guard, keeper < IE * (s)keudh < base * (s)keus , to cover > SKY] 1. a guarding or keeping safe; care; protection; guardianship 2. the right of having one s children …   English World dictionary

  • custody — [n1] supervision, charge of something aegis, auspices, care, conservation, custodianship, guardianship, keeping, management, observation, preservation, protection, safekeeping, salvation, superintendence, trusteeship, tute lage, ward, wardship,… …   New thesaurus

  • Custody — Nom porté dans le Tarn et Garonne et le Lot et Garonne. Semble désigner soit un gardien de prison, soit une prison ou un poste de garde (toponyme), du latin custos, custodis (garde, geôlier) ou custodia (surveillance, prison). A noter aussi l… …   Noms de famille

  • custody — mid 15c., from L. custodia guarding, watching, keeping, from custos (gen. custodis) guardian, keeper, protector, from PIE * (s)keu to cover, conceal (see HIDE (Cf. hide) (n.1)) …   Etymology dictionary

  • custody — ► NOUN 1) protective care or guardianship. 2) Law parental responsibility, especially as allocated to one of two divorcing parents. 3) imprisonment. DERIVATIVES custodial adjective. ORIGIN Latin custodia, from custos guardian …   English terms dictionary

  • custody — The care and control of a thing or person. The keeping, guarding, care, watch, inspection, preservation or security of a thing, carrying with it the idea of the thing being within the immediate personal care and control of the person to whose… …   Black's law dictionary

  • custody — The care and control of a thing or person. The keeping, guarding, care, watch, inspection, preservation or security of a thing, carrying with it the idea of the thing being within the immediate personal care and control of the person to whose… …   Black's law dictionary

  • custody — cus|to|dy [ˈkʌstədi] n [U] [Date: 1400 1500; : Latin; Origin: custodia guarding , from custos person who guards ] 1.) the right to take care of a child, given to one of their parents when they have ↑divorced custody of ▪ He got custody of his son …   Dictionary of contemporary English

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