'

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

Yuppie Scam (U.S.)

The name given to Wall Street insider trading scandal after a host of smart young lawyers, bankers and arbitrageurs were found to be in the dealing ring.

Swaption

Options on interest rate swaps. The buyer of a swaption has the right to enter into an interest rate swap agreement by some specified date in the future. The swaption agreement will specify whether the buyer of the swaption will be a fixed-rate receiver or a fixed-rate payer. The writer of the swaption becomes the

Bond

 A negotiable certificate evidencing indebtedness -a debt security or IOU, issued by a company, municipality or government agency. A bond investor lends money to the issuer and, in exchange, the issuer promises to repay the loan amount on a specified maturity date. The issuer usually pays the bondholder periodic interest payments over the life of

Advertisement

Comments