Depositary

C2 16+

Pronunciation: /dɪˈpɑzɪˌteri/

Definitions of depositary

noun a person or institution to whom something is entrusted or deposited for safekeeping

Example Sentences

A1 The bank serves as a depositary for customers' savings.

A2 The museum acts as a depositary for valuable artifacts.

B1 The company appointed a depositary to handle the secure storage of important documents.

B2 The depositary is responsible for overseeing the safekeeping of the funds entrusted to them.

C1 The depositary institution must adhere to strict regulations regarding the handling of clients' assets.

C2 The depositary plays a crucial role in maintaining the integrity and security of financial transactions.

adjective relating to or acting as a depositary

Example Sentences

A1 The bank has a secure depositary for customers' valuables.

A2 She kept her important documents in a depositary box at the post office.

B1 The museum serves as a depositary for priceless works of art.

B2 The company chose a reputable depositary for handling their financial transactions.

C1 The trust company acts as a depositary for various investment funds.

C2 The central bank serves as the depositary for the country's gold reserves.

Examples of depositary in a Sentence

formal The bank serves as the depositary for all the valuable items in the safety deposit boxes.

informal I trust my sister to be the depositary of our family heirlooms.

slang Yo, can you be the depositary for the cash we collected from the party?

figurative The library is the depositary of knowledge, preserving it for future generations.

Grammatical Forms of depositary

plural

depositaries

comparative

more depositary

superlative

most depositary

present tense

depositary

future tense

will be depositary

perfect tense

has been depositary

continuous tense

is being depositary

singular

depositary

positive degree

depositary

infinitive

to depositary

gerund

depositary

participle

depositary

Origin and Evolution of depositary

First Known Use: 1250 year
Language of Origin: Latin
Story behind the word: The word 'depositary' originated from the Latin word 'depositarius', which is derived from the verb 'deponere' meaning 'to put down'.
Evolution of the word: Originally used in the 13th century to refer to a person or entity entrusted with keeping something safe or secure, the meaning of 'depositary' has evolved to also include financial institutions where money or valuables are stored.