Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

custodian bank

Read a random definition: pourover will

A quick definition of custodian bank:

A custodian bank is a type of bank that is responsible for holding and safeguarding assets, such as stocks, bonds, and other securities, on behalf of its clients. Think of it like a safe deposit box for your valuable items. The custodian bank is supervised and examined by a state or federal authority to ensure that it is operating in a safe and secure manner.

A more thorough explanation:

Definition: A custodian bank is a financial institution that acts as a custodian for a clearing corporation and is supervised and examined by a state or federal authority.

Example: For example, if you invest in stocks or bonds, your custodian bank will hold those securities on your behalf and ensure that they are safe and secure. The custodian bank will also handle any transactions related to those securities, such as buying or selling them.

Explanation: The example illustrates how a custodian bank acts as a safekeeper for securities and handles transactions related to those securities. The custodian bank is responsible for ensuring that the securities are safe and secure and that any transactions related to them are handled properly. This is an important role in the financial industry, as it helps to ensure that investors' assets are protected and that transactions are conducted in a secure and efficient manner.

custodial responsibility | custodia terrae et haeredis

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
no i think there should be a Law School combine with all new drills except there is still the 40 yard dash
and a sub 4.5 gets you into any t14
LSAT can be one of the drills
letsseehowitgoesnow
11:17
so washu only called one person
So all the D1 athletes will get into a T-14. What else is new?
@TheAdoptedOne: that is called "Dean Poker Night" lol
@ClockworkBlue: I feel like most people could train for the 40 for the same amount of time as they do the LSAT and get close to sub 5 which would be equivalent to a 167+
this is like the schizophrenic posts JJK tik tok be putting out
powerscaling Law School deans up next
11:19
Election Day election day
Write in Dean Z vote
11:20
Saw a guy that wrote in Biden and he said no retirement for you buddy
1a2b3c4d26z
11:20
@ClockworkBlue: god I hope that's true
if the country was run the same as Mich Law it would be a better place
Imagine if election night was run by an adcom? Like, "yep, we could get the results Friday, or June 2025."
imagine if it was like Berkley applications
1a2b3c4d26z
11:22
Election status: Complete
1a2b3c4d26z
11:22
For months
triplethread
11:23
erection day
soapy
11:23
Shoutout to Robinhood's election bet not resolving until January
triplethread
11:23
is anyone else like certain that trump will win
ambitiouslizard
11:23
he aint winning
triplethread
11:23
i like being a pessimist
ambitiouslizard
11:24
he lost his re-election, why would he win this one?
1a2b3c4d26z
11:25
I have no idea why people have so much beef w berkeley's app
I've been reading a bit about "herding," which is this idea that pollsters are making the race look tied so they look right no matter who wins.
1a2b3c4d26z
11:26
Like... it's a more involved app but you don't have to do it? They're clearly trying to have some self-selection go on
I 100% agree with the self selection, I also am not even close to touching the medians there. However I think the huge PS plus the video and especially the very specific criteria for the why Berkeley essay is pretty crazy
I'm curious, how bold can one be in those videos? Is it worth making a satirical Jason Statham-action short if the adcoms have no sense of humor?
LSD+ is ad-free, with DMs, discounts, case briefs & more.