Depositum

/dɪˈpɒzɪtəm/ noun

Definition

In law, something that is deposited with another person for safekeeping; goods held in trust.

Etymology

Latin neuter past participle of 'deponere' (de- 'down' + ponere 'to place'). Used in formal legal language, especially in international law and historical documents.

Kelly Says

In Roman law, 'depositum' was a sacred trust—if a depositary stole what was entrusted to them, they faced harsh punishment, and the concept became so important it influenced every legal system that came after.

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