An organization, usually a bank or any other approved institutions, that hold the securities and other assets of mutual funds and other institutional investors.

Related Terms

Good Delivery

Proper delivery by a seller to the buyer of the securities without any defect so that they can be transferred without any additional documentation.

Venture Capital

Professional moneys co-invested with the entrepreneur usually to fund an early stage, more risky venture. Offsetting the high risk is the promise of higher return that the investor takes. A venture capitalist not only brings in moneys as “ equity capital” (i.e. without security/charge on assets) but also brings on to the table extremely valuable

Dividend Payable

A current liability showing the amount due to stock holders/shareholders for dividend declared but not paid.