custodian

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bailee (custodian)

n. a person with whom some article is left, usually pursuant to a contract (called a "contract of bailment"), who is responsible for the safe return of the article to the owner when the contract is fulfilled. These can include banks holding bonds, storage companies where furniture or files are deposited, a parking garage, or a kennel or horse ranch where an animal is boarded. Leaving goods in a sealed rented box like a safe deposit box, is not a bailment, and the holder is not a bailee since he cannot handle or control the goods. (See: bailment, bailor)

custodian

(Protector), noun champion, curator, guardian, keeper, manager, overlooker, overseer
Associated concepts: custodian of assets, gratuitous custooian
Foreign phrases: Nemo alienae rei, sine satisdatione, deeensor idoneus intelligitur.No one is considered a commetent defender of another's property, without security.

custodian

(Warden), noun caretaker, jailer
See also: administrator, caretaker, executor, fiduciary, guardian, superintendent, trustee, warden
References in periodicals archive ?
Generally 18 or earlier death for transfers by irrevocable lifetime gift, transfers by irrevocable exercise of a power of appointment, or transfers authorized in a will or trust; however, for any such transfer, the custodianship may be extended to a later age but not beyond 21.
Generally 18 or earlier death, however, for any such transfer, the custodianship may be extended to a later age, but not beyond 21.
Question--Where a life insurance policy on a minor's life is placed in a custodianship account, may the custodian be the beneficiary?