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Custodian

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 Glossary Terms

Continuous disclosure

Procedure where certain companies are required to make disclosures on a continuing basis of their business activities by filing documents.

Dividend Notification

A requirement that companies notify the Stock Exchange immediately that the company intends to declare dividend so that it can set the ex dividend date.

At Best

An instruction from the client to the broker authorizing him to use his discretion so as to execute an order at the best possible market price.

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