Does custodian mean keeper?

a person who has custody; keeper; guardian. a person entrusted with guarding or maintaining a property; janitor.

What is the true meaning of custodian?

: one that guards and protects or maintains. especially : one entrusted with guarding and keeping property or records or with custody or guardianship of prisoners or inmates.

What is a fancy name for a custodian?

synonyms for custodian

On this page you'll find 43 synonyms, antonyms, and words related to custodian, such as: curator, keeper, overseer, protector, steward, and superintendent.

What is the role of a custodian?

Undertaking activities as a Domestic Depository in terms of the Depositories Act, 1996 or as permitted by the Securities and Exchange Board of India. Providing custodial services to Pension Funds managing the Schemes on behalf of NPS Trust. Collection of benefits or rights accruing on the securities.

Does custodian mean owner?

custodians. A person who has the custody or care of something, as of a private library; caretaker; keeper. Webster's New World. Similar definitions. A person or firm having a legal duty to protect and, often, manage specified assets of an individual or group.

Custodian and Depository - Differences

Who is custodian on behalf of?

Definition: A custodian is responsible for keeping as well as safeguarding the investments and securities on behalf of the owners.

What is the difference between ownership and custodian?

Owners are the people who are ultimately responsible for certain information, on a variety of fronts including security. Custodians are the people who are actually in possession of the information, and who implement and administer controls over the information according to instructions from owners.

What position is custodian?

Custodians perform a range of custodial work, including dusting and mopping up spills. They vacuum carpets, clean windows and clean restrooms for customers and employees to ensure proper sanitation.

Why is it called a custodian?

The word custodian comes from Latin custos, meaning "guardian," and anyone who looks after something can be a custodian. You might be the custodian of your club's records — you take care of the files and keep them up to date.

Is a custodian a janitor?

janitor: What's the difference? Custodian and janitor are both words for a person whose job is to take care of an area or property. Custodian usually refers to a person who is primarily in charge of guarding or maintaining a property.

Which is better janitor or custodian?

In general, a custodian is someone who takes care of or is in charge of the same building or property at any given time of the day. A janitor comes to a location specifically to clean at a set time, typically either morning or nighttime.

Is custodian better than janitor?

A janitor cleans a building or property at a specific time during the day or at night. In addition to simple cleaning tasks, custodians may perform more elaborate cleaning services such as stripping and waxing floors, deep-scrubbing surfaces and using heavy cleaning machinery.

What is custodial vs janitorial?

Custodial duties entail maintaining and cleaning an entire facility during a particular day. On the other hand, janitorial duties are for a janitor, who comes to the facility to clean at a specific time.

What is an example of a custodian?

For example, a custodian of records refers to the finance department of a company. An individual might be put in charge of a school. Among various types, the most common example is an institution that safeguards physical assets.

Is custodian a job title?

Custodian Job Description: Top Duties and Qualifications. A Custodian, or Caretaker, is responsible for maintaining the cleanliness of a building and the surrounding grounds. Their duties include vacuuming floors, sanitizing restroom facilities and collecting trash to ensure the building's occupants have a clean space.

Who can be a custodian?

There are limited entities that can be considered as a qualified custodian, such as banks, registered brokers, registered dealers, and certain individuals. Such entities will be responsible for supplying notices to the customers when certain activities are conducted on their behalf or while using their assets.

What does acting as custodian mean?

Under the Uniform Transfers to Minors Act (UTMA) and Uniform Gifts to Minors Act (UGMA), a “custodian” is a person named to manage property left or given to a child under the terms of either of those Acts. The custodian manages the property until the child reaches the age specified by state law - 21, in most states.

What is the difference between a maintenance worker and a custodian?

A custodial maintenance worker responsibility is more likely to require skills like "clean environment," "building floors," "clean restrooms," and "safety procedures." Whereas a maintenance technician requires skills like "hand tools," "customer service," "ladders," and "electrical systems." Just by understanding these ...

Can an individual be a custodian?

Yes, a custodian can be an individual. Other types of firms, such as a law firm or an accounting firm, can be custodians, as well.

What does as custodian for mean on property?

The Property Custodian is a designated individual who has the authority and responsibility for the immediate physical custody of all personal property under their control and within their custodial area.

Who appoints the custodian?

Appointment of a Custodian

In carrying out its obligations to ensure that the assets of a Trust are protected, a responsible entity or trustee may appoint a custodian to hold scheme property and perform a range of related services.

Is a custodian a beneficiary?

A custodianship is a legal arrangement in which an adult custodian holds property inherited by a minor for that child's benefit. The custodian is in charge of managing and utilizing the property for the benefit of the minor beneficiary. Once the child reaches age 18, the property is then transferred to the beneficiary.

Is custodian an easy job?

Yes, a custodian job is hard.

Additionally, much janitorial work is performed during the least popular work shift - second or swing shift. While some companies and organizations have moved their custodial team to the first shift, most still want these services completed after hours.

How do custodians make money?

The above illustration highlights how a custodian bank makes money, primarily through client services fees. The custodial fees are the primary source for assets under management and transaction fees. Therefore, the larger the assets under management for a custodial bank, the better.