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.] [Blacks Law 8th]