The SI derived unit for volume is the cubic meter. 1 cubic meter is equal to 1000000 cc, or 33814.0225589 fluid ounce. Note that rounding errors may occur, so always check the results.Use this page to learn how to convert between cubic centimeters and ounces.he SI derived unit for volume is the cubic meter. 1 cubic meter is equal to 1000000 cc, or 33814.0225589 fluid ounce. Note that rounding errors may occur, so always check the results.
What is a 'Custodian'. A custodian is a financial institution that holds customers' securities for safekeeping to minimize the risk of their theft or loss. A custodian holds securities and other assets in electronic or physical form. Since they are responsible for the safety of assets and securities that may be worth hundreds of millions or even billions of dollars, custodians generally tend to be large and reputable firms.
The assets of the custodial account are owned by the child for whom the account was created. While it is true that the child does not control the account until he or she meets the age requirement, the child is the legal owner from the start. Typically, assets are placed into the account as a gift for the child. Custodial account has no restriction on what the money can be used for. 2  If the money inside the 529 plan is used for the above mentioned expenses, the owner will not have to pay any income tax when cashing out the funds. 3  Custodial accounts offer a lot more flexibility with the investment choices.