Guardian
Market basicsThe parent or court-appointed adult who operates a minor’s investment account.
In plain terms
Only the guardian’s bank account can fund it — third-party transfers are generally not allowed.
1492 terms
Glossary
Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.
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Minor account
Market basicsAn investment account held in a child’s name and operated by a guardian until they turn 18.
In plain terms
It freezes at 18 pending fresh KYC — and the money legally becomes the child’s to do as they wish.
Same right and capacity
Regulation & taxThe test that decides which of your deposits at one bank are added together for deposit insurance.
In plain terms
Money held as an individual, as guardian of a minor, as a partner of a firm or as a trustee sits in different capacities, and each gets its own limit. Four accounts in the same capacity are one pool with one limit.