depositary


depositary
The party or institution (e.g. bank or trust company) receiving a deposit. One with whom anything is lodged in trust, as "depository" is the place where it is put. A trustee; fiduciary; one to whom goods are bailed to be held without recompense. The obligation on the part of the depositary is that he keep the thing with reasonable care, and, upon request, restore it to the depositor, or otherwise deliver it, according to the original trust. This term should not be confused with "depository" which is the physical place of deposit

Black's law dictionary. . 1990.

Synonyms:

Look at other dictionaries:

  • depositary — de·pos·i·tary /di pä zə ˌter ē/ n pl tar·ies: an individual or entity (as a business organization) that holds a deposit the depositary ought to restore the precise object which he received Louisiana Civil Code; also: depository Merriam Webster’s… …   Law dictionary

  • depositary — depositary, depository A depositary is a person or authority to whom something is entrusted, a trustee. A depository is (1) a storage place for furniture, books, etc., and (2) a source (normally a book or suchlike, occasionally a person) of… …   Modern English usage

  • Depositary — De*pos i*ta*ry, n.; pl. {Depositaries}. [L. depositarius, fr. deponere. See {Deposit}.] 1. One with whom anything is lodged in the trust; one who receives a deposit; the correlative of depositor. [1913 Webster] I . . . made you my guardians, my… …   The Collaborative International Dictionary of English

  • depositary — (also depository) ► NOUN (pl. depositaries) ▪ a person to whom something is entrusted …   English terms dictionary

  • depositary — [dē päz′ə ter΄ē, dipäz′ə ter΄ē] n. pl. depositaries [LL depositarius < L depositum: see DEPOSIT] 1. a person, firm, etc. entrusted with something for safekeeping; trustee 2. a storehouse; depository …   English World dictionary

  • depositary — An agent appointed for a tender or exchange offer who accepts certificates from shareholders, processes them and assures that the appropriate cash or new securities are properly remitted to the tendering party. Bloomberg Financial Dictionary * *… …   Financial and business terms

  • depositary — 1. adjective Acting as the trusted recipient of a deposit The hospital was the depositary institution of our monies. 2. noun a) One that receives a deposit in trust b) A place where deposits are kept Syn …   Wiktionary

  • depositary — See depositary, depository …   Dictionary of problem words and expressions

  • depositary — /dɪ pɒzɪtəri/ noun US a person or corporation which can place money or documents for safekeeping with a depository. ⇒ American Depositary Receipt (NOTE: Do not confuse with depository.) …   Dictionary of banking and finance

  • depositary — The party or institution (e.g. bank or trust company) receiving a deposit. One with whom anything is lodged in trust, as depository is the place where it is put. A trustee; fiduciary; one to whom goods are bailed to be held without recompense.… …   Black's law dictionary