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 §§ 15–17; Escrows§§ 8–10.]

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

2. C.J.S. Bailments §§ 5, 14, 16–18.]

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