Definition of depository

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TeachMeFinance.com - explain depository



depository -- a place where something of value is left for safekeeping. See depositary.

historic definition...

Depository -- A bank, trust company or other financial institution with which funds are deposited; or a safe deposit company, storage or warehouse company or other concern with which papers or property may be deposited for safe keeping. When an individual or firm receives deposits of money, papers or property the word depositary applies.



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Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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