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This financial glossary contains entries compiled from
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 | | Terms of the Moment | 
Custodian: Either (1) a bank, agent, trust company, or other organization responsible for safeguarding financial assets, or (2) the individual who oversees the mutual fund assets of a minor's custodial account.
Low balance method: A method of calculating interest on the basis of the lowest balance of an account over the applicable period.
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