Definition, Meaning & Synonyms
depositary
noun
/dɪˈpɒzɪtəri/
Definition
A person or entity that holds and safeguards assets or documents for another party.
Examples
- The bank served as the depositary for the company’s important legal documents.
- As a depositary, the trust company must maintain strict security protocols.
- The art gallery acts as a depositary for several prestigious collections.
Meaning
The term ‘depositary’ refers to an individual or organization entrusted with custody of valuable items or documents. They are responsible for ensuring the safety and proper management of these assets.
Synonyms
- Custodian
- Guardian
- Trustee
- Depositor
- Holder
