Depositary for Dummies
noun
pronunciation: dɪ'pɑzɪ,tɛriWhat does Depositary really mean?
Hey there! So, "depositary" is kind of like a person or a place that holds onto or keeps something for safekeeping. Imagine a piggy bank where you put your coins in; well, the piggy bank is like the depositary for your money. It's the place that holds onto and keeps your coins safe until you want to take them out.
Now, there can be different kinds of depositaries. For example, a bank is a depositary for your money. You put your money in the bank, and they look after it for you. Or, if you have a safety deposit box, it's like a depositary for your important things, like documents or jewelry – you put them in the box, and it keeps them safe and secure for you.
So, in general, a depositary is simply a person or a place that holds onto something for someone else, to keep it safe. It's like a trustworthy guardian for your valuable stuff. Cool, right?
Now, there can be different kinds of depositaries. For example, a bank is a depositary for your money. You put your money in the bank, and they look after it for you. Or, if you have a safety deposit box, it's like a depositary for your important things, like documents or jewelry – you put them in the box, and it keeps them safe and secure for you.
So, in general, a depositary is simply a person or a place that holds onto something for someone else, to keep it safe. It's like a trustworthy guardian for your valuable stuff. Cool, right?
Revised and Fact checked by William Rodriguez on 2023-11-27 06:34:21
Depositary In a sentece
Learn how to use Depositary inside a sentece
- The bank is the depositary of people's money, where they can save and withdraw their funds.
- A museum can be a depositary of historical artifacts and art pieces, preserving and displaying them for the public to see.
- In a rental agreement, the landlord is the depositary of the security deposit paid by the tenant, holding it until the end of the lease.
- A lawyer can act as a depositary of important legal documents, safeguarding them for their clients.
- The library is the depositary of books, allowing people to borrow and return them for others to enjoy.
Depositary Synonyms
Words that can be interchanged for the original word in the same context.
Depositary Hypernyms
Words that are more generic than the original word.
Depositary Hyponyms
Words that are more specific than the original word.
Depositary Meronyms
Words that are part of the original word.