Custodial Receipt

Custodial Receipt
A receipt representing a security held by a custodian or transfer agent. As such, it represents ownership of the security by the depositor. A security in custodial receipt form is usually non-transferable.

In the municipal bond market, custodial receipts refer to securities that represent the right to receive future principal and interest payments on municipal obligations underlying these receipts. In a typical custodial receipt arrangement in this market, an issuer or owner of a municipal obligation deposits it with a custodian in exchange for two or more classes of receipts.


Investment dictionary. . 2012.

Игры ⚽ Поможем написать реферат

Look at other dictionaries:

  • Judicial system of the People's Republic of China — For the Ministry of Justice, see Ministry of Justice of the People s Republic of China. People s Republic of China This article is part of the series: Politics and government of …   Wikipedia

  • Home care — Home care, (commonly referred to as domiciliary care), is health care or supportive care provided in the patient s home by healthcare professionals (often referred to as home health care or formal care; in the United States, it is known as… …   Wikipedia

  • Tessa Jowell financial allegations — The Tessa Jowell financial allegations are a series of allegations surrounding Tessa Jowell, the then United Kingdom Secretary of State for Culture, Media and Sport. They arose when her husband David Mills came under investigation by Italian… …   Wikipedia

  • Pardon — For the Breton religious festivals, see Pardon (ceremony). Clemency redirects here. For the town, see Clemency, Luxembourg …   Wikipedia

  • Goodwill Industries — Founder(s) Edgar Helms Founded 1902 Location Rockville, Maryland, United States …   Wikipedia

  • ABC trial — The ABC Trial was a trial of charges under sections 1 and 2 of the Official Secrets Act 1911 trial in United Kingdom. It took place in 1978 and is named after the three defendants: Crispin Aubrey, John Berry and Duncan Campbell. Aubrey was a… …   Wikipedia

  • PNC Financial Services — Group, Inc. Type Public Traded as NYSE: PNC …   Wikipedia

  • Friends of Labatt Park — is a grassroots, non profit (unincorporated) group of volunteers dedicated to promoting and enhancing Labatt Park in London, Ontario, Canada, as the world s oldest baseball grounds in continuous use in its original location since 1877. In this… …   Wikipedia

  • Records Life Cycle — Traditional Definition = Traditionally, Records Life Cycle refers to the following stages of a records life span: from its creation to its preservation (in an Archives) or disposal:The records management phase, which consists of* creation or… …   Wikipedia

  • insurance — /in shoor euhns, sherr /, n. 1. the act, system, or business of insuring property, life, one s person, etc., against loss or harm arising in specified contingencies, as fire, accident, death, disablement, or the like, in consideration of a… …   Universalium

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”