Depository: meaning, definitions and examples
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depository
[ dɪˈpɒzɪtəri ]
storage location
A depository is a place where something is stored for safekeeping, such as documents, money, or other valuables. In finance, a depository can refer to a financial institution where securities are held in electronic form. These institutions provide services that ensure the safekeeping of assets and facilitate transactions. Depositories are essential for managing investments and ensuring the smooth operation of the securities market.
Synonyms
archive, repository, storage, warehouse
Examples of usage
- The bank acts as a depository for customer funds.
- They decided to use a safe depository for their important documents.
- The depository holds all the company’s financial records.
Translations
Translations of the word "depository" in other languages:
🇵🇹 depósito
🇮🇳 जमा करने की जगह
🇩🇪 Depot
🇮🇩 depo
🇺🇦 депозитарій
🇵🇱 depozyt
🇯🇵 預託所
🇫🇷 dépôt
🇪🇸 depósito
🇹🇷 depo
🇰🇷 예치소
🇸🇦 مستودع
🇨🇿 depozitář
🇸🇰 depozitár
🇨🇳 存放处
🇸🇮 depozit
🇮🇸 geymsla
🇰🇿 депозитарий
🇬🇪 დეპოზიტარი
🇦🇿 depozit
🇲🇽 depósito
Etymology
The term 'depository' comes from the Latin word 'deponere,' which means 'to put aside.' 'Depository' first appeared in English in the 17th century, signifying a place where items are deposited. Its usage evolved over time, particularly in financial contexts, where it became associated with institutions that store and safeguard securities and other financial assets. The growth of financial markets in the 20th century further formalized the role of depositories, leading to the establishment of centralized depositories that simplify the processing of securities transactions. The concept of a depository has expanded in modern usage, reflecting advancements in technology and finance, as well as a broader interpretation of the term to include digital storage solutions.