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Depository

Depository

The term depository can refer to a facility in which something is deposited for storage or safeguarding, or an institution that accepts currency deposits from customers, such as a bank or a savings association. A depository also can be an organization, bank, or institution that holds securities and assists in the trading of securities. Deposits placed in a depository must be returned in the same condition upon request.

Depositories provide security and liquidity in the market. They use money deposited for safekeeping to lend to others, they invest in other securities, and they provide a funds transfer system.

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