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.
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.
Showing 1 term
An investment account held in a child’s name and operated by a guardian until they turn 18.
It freezes at 18 pending fresh KYC — and the money legally becomes the child’s to do as they wish.