depository


depository
Institution responsible for safekeeping securities and ensuring that the decisions made by fund managers are lawful. A depository can delegate some of its functions, notably the safekeeping function, on a contractual basis to another institution authorised to operate as a custodian. However, it cannot delegate the task of ensuring the lawfulness of decision-making by the fund management company. NYSE Euronext Glossary

* * *

depository de‧pos‧i‧to‧ry [dɪˈpɒztri ǁ dɪˈpɑːztɔːri] noun depositories PLURALFORM [countable]
1. ORGANIZATIONS FINANCE an organization where the formal documents showing who owns shares, bonds, etc can be kept safely:

• The bank will serve as a depository for the shares during the takeover battle

2. a place where goods can be kept safely:

• the Dallas book depository

ˈnight deˌpository BANKING
a special hole in the outside wall of a bank into which a customer can put money or documents when the bank is closed; = night safe Bre
3. LAW statements and evidence prepared for use in a court case:

• The case depository — nearly 20,000 pages of evidence — was to be stored at Mr Petrone's law offices.

* * *

   A storage facility for securities registration and ownership documents.

* * *

depository UK US (also depositary) /dɪˈpɒzɪtəri/ US  /-ˈpɑːzətɔːr-/ noun [C]
a place where money or official documents can be stored safely: »

The documents are currently in a depository in Minnesota.

COMMERCE a place where goods can be safely stored to be collected later: »

Trucks unloaded cargo at the depository's rear loading docks.

See also NIGHT DEPOSITORY(Cf. night depository)

Financial and business terms. 2012.

Synonyms:

Look at other dictionaries:

  • depository — de·pos·i·to·ry /di pä zə ˌtōr ē/ n pl ries 1: a place where something is deposited esp. for safekeeping night depository; specif: a bank chosen for the depositing of government funds 2: depositary Merri …   Law dictionary

  • Depository — De*pos i*to*ry ( t[ o]*r[y^]), n.; pl. {Depositories} ( r[i^]z). 1. A place where anything is deposited for sale or keeping; as, warehouse is a depository for goods; a clerk s office is a depository for records. [1913 Webster] 2. One with whom… …   The Collaborative International Dictionary of English

  • depository — place where things are deposited, 1750, from M.L. depositorium, from deposit , pp. stem of L. deponere (see DEPOSIT (Cf. deposit)) …   Etymology dictionary

  • depository — [n] storage place archive, arsenal, bank, bunker, cache, collection, depot, gallery, magazine, museum, repertory, repository, safe, safe deposit box, store, storehouse, tomb, vault, warehouse; concept 435 …   New thesaurus

  • depository — ► NOUN (pl. depositories) 1) a place where things are stored. 2) variant spelling of DEPOSITARY(Cf. ↑depositary) …   English terms dictionary

  • depository — [dē päz′ə tôr΄ē, dipäz′ə tôr΄ē] n. pl. depositories [LL depositorium: see DEPOSIT] 1. a place where things are put for safekeeping; storehouse 2. a trustee; depositary …   English World dictionary

  • depository — /di poz i tawr ee, tohr ee/, n., pl. depositories. 1. a place where something is deposited or stored, as for safekeeping: the night depository of a bank. 2. a depositary; trustee. adj. 3. of or pertaining to a depository or depositories: the… …   Universalium

  • Depository — On the simplest level, depository is used to refer to any place where something is deposited for storage or security purposes. More specifically, it can refer to a company, bank or an institution that holds and facilitates the exchange of… …   Investment dictionary

  • depository — [[t]dɪpɒ̱zɪtəri[/t]] depositories N COUNT A depository is a place where objects can be stored safely. They have 2,500 tons of paper stored in their depository …   English dictionary

  • depository — UK [dɪˈpɒzɪt(ə)rɪ] / US [dɪˈpɑzɪˌtɔrɪ] noun [countable] Word forms depository : singular depository plural depositories a place where something is stored …   English dictionary