Depositories
/dɪˈpɒzɪt(ə)riːz/
Definitions
- (n.) Entities or places appointed to hold securities or assets for safekeeping and facilitate their transfer and management.
The depositories ensure the safe custody of investors' shares.
Forms
- depository
Related terms
See also
Commentary
In legal drafting, distinguish 'depository' from similar terms like 'custodian' by emphasizing the function related to securities and asset transfer.
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.