DEPOSITARY

DEPOSITARY

depositary.

1. A person or institution that one leaves money or valuables with for safekeeping (a title-insurance officer is the depositary of the funds). ? When a depositary is a company, it is often termed a safe-deposit company. Cf. DEPOSITORY. [Cases: Deposits and Escrows 13. C.J.S. Depositaries ¡ì¡ì 15¨C17; Escrows¡ì¡ì 8¨C10.]

2. A gratuitous bailee. See DEPOSIT(5). [Cases: Bailment

2. C.J.S. Bailments ¡ì¡ì 5, 14, 16¨C18.]


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