DEPOSITARY Meaning and
Definition
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A depositary refers to an individual or entity that is entrusted with the responsibility of holding and safeguarding the assets or possessions of others. It is typically a financial institution, such as a bank, that offers various deposit services to its customers. Acting as a safe custodian, the depositary facilitates the storage and protection of valuables, including money, securities, documents, or other important possessions.
The primary function of a depositary is to ensure the security and integrity of the deposited items, thereby minimizing the risk of loss, theft, or damage. It holds the assets on behalf of the depositor and assumes the fiduciary duty to manage and preserve them in accordance with mutually agreed-upon terms.
Depositories play a crucial role in the modern financial system, providing a safe and regulated environment for individuals, businesses, and institutions to entrust their valuables. They not only maintain the physical security of assets but may also offer additional services such as account management, record-keeping, and transaction processing.
In the context of international relations or law, a depositary refers to a governmental or international organization that receives and keeps agreements, treaties, or other legally binding documents. These depositaries ensure the accessibility and authenticity of such documents, serving as authoritative sources for treaty texts and related information.
Overall, a depositary is a trusted entity that preserves and protects the assets or documents entrusted to it, whether in the financial or legal realm.
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One with whom anything is lodged or intrusted for safe keeping.
Etymological and pronouncing dictionary of the English language. By Stormonth, James, Phelp, P. H. Published 1874.
Common Misspellings for DEPOSITARY
- sepositary
- xepositary
- cepositary
- fepositary
- eepositary
- dwpositary
- dspositary
- ddpositary
- drpositary
- d4positary
- d3positary
- deoositary
- delositary
- de-ositary
- de0ositary
- depisitary
- depksitary
- deplsitary
- deppsitary
- depozitary
- depozitery
- depostery
- Deposetery
- Depositarys
Etymology of DEPOSITARY
The word "depositary" originates from the Latin word "depositarius", which is derived from the verb "deponere", meaning "to place down" or "to deposit". In English, the word first appeared in the mid-16th century and has retained its original meaning of a person or entity entrusted with something, particularly with the responsibility of holding or safekeeping valuable items, documents, funds, or information.
Similar spelling words for DEPOSITARY
- typesetter,
- Tappester,
- typestry,
- Dabster,
- Depasture,
- depository,
- tipster,
- dopester,
- dubstar,
- tapstry,
- TOPSTAR,
- topsider,
- tapestry-like,
- tapsieteerie,
- tapestry,
- DEPSTAR,
- Depositure,
- daubster,
- depositar,
- tapster,
- depositor,
- depositery.
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