Safe Keeping
/ˌseɪf ˈkiːpɪŋ/
Definitions
- (n.) The act or duty of holding property or documents to ensure their security on behalf of another.
The bank provided safe keeping for valuable securities during the client's absence.
Related terms
See also
Commentary
Safe keeping commonly arises in contracts and fiduciary contexts emphasizing responsibility for secure possession without transfer of ownership.
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.