Definition of Depository:
A place where things are stored.
As mentioned above, depositories are buildings, offices, and warehouses that allow consumers and businesses to deposit money, securities, and other valuable assets for safekeeping. Depositories may include banks, safehouses, vaults, financial institutions, and other organizations.
Storage in which something is placed to be taken out later. In comparison, a repository is meant for indefinite or permanent placement.
The term depository refers to a facility in which something is deposited for storage or safeguarding or an institution that accepts currency deposits from customers such as a bank or a savings association. A depository can be an organization, bank, or institution that holds securities and assists in the trading of securities. A depository provides security and liquidity in the market, uses money deposited for safekeeping to lend to others, invests in other securities, and offers a funds transfer system. A depository must return the deposit in the same condition upon request.
Person or firm entrusted with safekeeping of funds, securities, or other valuable assets.
Variant spelling of depositary.
Synonyms of Depository
Repository, Cache, Store, Storage place, Storeroom, Storehouse, Warehouse, Depot, Fort Knox, Archives, Armory, Arsenal, Attic, Bank, Basement, Bay, Bin, Bonded warehouse, Bookcase, Box, Bunker, Bursary, Buttery, Cargo dock, Cash register, Cashbox, Cellar, Chest, Closet, Coffer, Coin box, Conservatory, Crate, Crib, Cupboard, Depot, Dock, Drawer, Dump, Exchequer, Fisc, Glory hole, Godown, Gold depository, Hold, Hutch, Library, Locker, Lumber room, Lumberyard, Magasin, Magazine, Money chest, Penny bank, Piggy bank, Pork barrel, Public crib, Public till, Public treasury, Public trough, Rack, Repertory, Repository, Reservoir, Rick, Safe, Safe-deposit box, Shelf, Stack, Stack room, Stock room, Storage, Store, Storehouse, Storeroom, Strong room, Strongbox, Subtreasury, Supply base, Supply depot, Tank, Till, Treasure house, Treasure room, Treasure-house, Treasury, Vat, Vault, Warehouse, Wine cellar
How to use Depository in a sentence?
- Irish libraries became depositories for material from all over the world.
- They provide security and liquidity, use the money deposited to lend to others, invest in securities, and offer a funds transfer system.
- A depository is a facility or institution, such as a building, office, or warehouse, where something is deposited for storage or safeguarding.
- Depositories may be organizations, banks, or institutions that hold securities and assist in the trading of securities.
Meaning of Depository & Depository Definition