Custodian

A custodian is a person or organization that is responsible for protecting an asset that has value while it is in their possession. Custodians are typically responsible for maintaining the asset in a safe and secure manner, and for ensuring that it is not lost, damaged, or otherwise compromised.

Custodians may be responsible for a wide range of assets, including financial assets, such as stocks, bonds, and mutual funds; physical assets, such as artwork or real estate; and intangible assets, such as intellectual property or data.

Custodians typically have a duty of care to protect the assets in their possession and may be held liable if they fail to do so. They may also be required to follow specific procedures and protocols in order to ensure the security and integrity of the assets in their care.

Overall, custodians play a critical role in protecting assets that have value and are responsible for maintaining the security and integrity of these assets while they are in their possession.


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