Definition of depositary

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TeachMeFinance.com - explain depositary



depositary -- a person identified as someone to be entrusted with something of value for safekeeping. See depository.

historic definition...

Depositary -- An individual (or firm) with whom funds or property is deposited. It is a common practise to designate as a depositary a bank, trust company or other financial institution with which funds or property is deposited ; the correct designation is depository; see Depository.



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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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