Asset Custody
/ˈæsɛt ˈkʌstədi/
Definitions
- (n.) The legal and practical responsibility of holding and safeguarding financial assets on behalf of another party.
The bank provides asset custody services to institutional investors to secure their holdings.
Forms
- asset custody
- asset custodies
Related terms
See also
Commentary
Asset custody involves both legal ownership considerations and operational control, emphasizing the custodian's duty to protect assets from loss or misuse.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.