Custodial Receipt

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Definition: Custodial Receipt

Custodial Receipt
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Full Definition of Custodial Receipt

A financial instrument similar to a tender option security sold through private placements that represent the right to receive future principal and interest payments on underlying municipal obligations. The receipt is issued by a custodian in exchange for the deposit of the municipal obligation.

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To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/custodial-receipt/
Modern Language Association (MLA):
Custodial Receipt. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 23, 2024 https://payrollheaven.com/define/custodial-receipt/.
Chicago Manual of Style (CMS):
Custodial Receipt. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/custodial-receipt/ (accessed: April 23, 2024).
American Psychological Association (APA):
Custodial Receipt. PayrollHeaven.com. Retrieved April 23, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/custodial-receipt/

Definition Sources

Definitions for Custodial Receipt are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.