What is a depository in banking?

The term depository can refer to a facility in which something is deposited for storage or safeguarding, or an institution that accepts currency deposits from customers, such as a bank or a savings association. A depository also can be an organization, bank, or institution that holds securities and assists in the trading of securities.

What is a depository in college?

A depository is a place where objects can be stored safely. They have 2,500 tons of paper stored in their depository. Collins COBUILD Advanced Learner’s Dictionary. Copyright © HarperCollins Publishers 1. Collins English Dictionary. Copyright © HarperCollins Publishers 1. 2. Webster’s New World College Dictionary, 4th Edition.

What does deposit mean?

Get a quick, free translation! DEPOSITORY meaning: 1. a place, especially a large building, for storing things: 2. a place, especially a large…. Learn more.