depository

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1. Bank holding funds or marketable securities, usually under a specific agreement. Distinguish from Depositary.

2. Bank authorized to accept public deposits for state and local governments, or federal tax payments in a Treasury Tax and Loan Account.

3. Correspondent bank holding deposits for other banks, used for check clearing or meeting Reserve Requirements.

noun

A place where something is deposited for safekeeping: archive, magazine, repository, store, storehouse, warehouse. See keep/release.

This entry contains information applicable to United States law only.

The place where a deposit is placed and kept, e.g., a bank, savings and loan institution, credit union, or trust company. A place where something is deposited or stored as for safekeeping or convenience, e.g., a safety deposit box.

This term should not be confused with depositary, which is the person or institution taking responsibility for the deposit, rather than the place itself.

U. S. depositories are banks selected and designated to receive deposits of the public funds (e.g., taxes) of the United States.

On the simplest level, depository is used to refer to any place where something is deposited for storage or security purposes. More specifically, it can refer to a company, bank or an institution that holds and facilitates the exchange of securities. Or a depository can refer to a depository institution that is allowed to accept monetary deposits from customers.

Investopedia Says:
Central security depositories allow brokers and other financial companies to deposit securities where book entry and other services can be performed, like clearance, settlement and securities borrowing and lending.

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IN BRIEF: A facility where things can be stored for safekeeping.

Tutor's tip: If you give your valuables to a "depositary" (a person to whom you give something in trust) you would expect him to put it in a "depository" (a safe place for keeping valuables).

LearnThatWord.com is a free vocabulary and spelling program where you only pay for results!

For a list of words related to depository, see:

• Banking and Financial Services - depository: place where funds and valuables are placed for safekeeping

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See words rhyming with "depository."

Dansk (Danish)
n. - depot, magasin, lager, skatkammer

Nederlands (Dutch)
bewaarplaats, rijke bron (figuurlijk), beheerder

Français (French)
n. - entrepôt, dépôt

Deutsch (German)
n. - Aufbewahrungsort, Lagerhaus, Fundgrube

Ελληνική (Greek)
n. - αποθήκη, απόθεμα

Italiano (Italian)
ripostiglio

Português (Portuguese)
n. - depósito (m), armazém (m)

Русский (Russian)
хранилище, доверенное лицо

Español (Spanish)
n. - depositaría, depositario

Svenska (Swedish)
n. - förvaringsrum, magasin

中文（简体）(Chinese (Simplified))
受托者, 贮藏所

中文（繁體）(Chinese (Traditional))
n. - 受託者, 貯藏所

한국어 (Korean)
n. - 공탁소, 창고, 수탁자

日本語 (Japanese)
n. - 貯蔵所

العربيه (Arabic)
‏(الاسم) مستودع وبخاصه لحفظ الأشياء بأمان, الشخص المودع لديه شئ‏

עברית (Hebrew)
n. - ‮מחסן, אוצר, גנזך‬

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