Usage: Harmon is not a popular first name. It is more often used as a boy (male) name. People having the name Harmon are in general originating from France, Germany, United States of America.
The officer does not have physical possession of the. funds. (2) 'Disbursing Officer' shall mean a person who disburses. funds and renders accounts in accordance with laws and. regulations governing disbursement of public funds. The officer. has physical possession or control of the funds.
Custodian. A custodian is legally responsible for ensuring that an item or person is safe and secure. In investment terms, a custodian is the financial services company that maintains electronic records of financial assets or has physical possession of specific securities. The custodian's client may be another institution, such as a mutual fund, a corporation, or an individual.