Depositary
/dɪˈpɒzɪtəri/
Definitions
- (n.) A person or institution that holds securities or assets for safekeeping on behalf of others.
The depositary safeguards the stock certificates for the investors.
- (n.) A bank or financial institution acting as a custodian of funds or securities.
The depositary bank manages the clients' investment portfolios.
Forms
- depositary
Related terms
See also
Commentary
In legal contexts, 'depositary' typically refers to a custodian holding assets or documents; careful distinction from 'depository'—often used interchangeably—is advised based on jurisdiction.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.