depository (redirected from Depository institution)

The place where a deposit is placed and kept, e.g., a bank, savings and loan institution, credit union, or trust company. A place where something is deposited or stored as for safekeeping or convenience, e.g., a safety deposit box.

This term should not be confused with depositary, which is the person or institution taking responsibility for the deposit, rather than the place itself.

U. S. depositories are banks selected and designated to receive deposits of the public funds (e.g., taxes) of the United States.

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depository noun apotheca, archives, bunker, cache, catchall, coffer, collection, container, depot, hold, holder, magazine, place for safe keeping, place of deposit, receptaculum, repertory, repository, reservoir, safe, safeeeposit box, storage, store, storehouse, vault, warehouse
Associated concepts: depository box, legal depository, reservoir

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See also: arsenal, bank, cache, catchall, repository, reserve, store