Depositary

/dɪˈpɒzɪtəri/ noun

Definition

A person or organization that receives and holds money or valuables belonging to someone else; a custodian or trustee.

Etymology

From Latin 'depositarium' (a place or person where things are deposited), derived from 'depositum.' The word entered English in the 15th century for legal and banking contexts.

Kelly Says

A depositary is legally responsible for keeping your valuables safe—if they lose or steal them, they can be sued, which made this a position of honor and sometimes danger in ancient and medieval times.

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