depositary

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Definitions from the Web

Depositary

Definition:

1. (noun) A person or entity that is entrusted with the safekeeping of something valuable or important.

2. (noun) A place, such as a bank, where valuables or important documents are kept under secure conditions.

3. (noun) A person or organization that receives and holds funds for others.

4. (adjective) Pertaining to the act of receiving and holding funds or valuables for others.

Examples:

Noun:

The lawyer served as the depositary for his client's will.
The museum acted as a depositary for the priceless artifacts.
John entrusted the money to a trustworthy depositary.
She kept her jewelry in a depositary vault.

Adjective:

The bank provided depositary services for its clients.
He worked in the depositary department, ensuring the safekeeping of funds.
Depositary institutions play a crucial role in the financial system.