Depository

Pronunciation: /dɪˈpɑːzəˌtɔːriː/

Depository (noun)

  1. A place where things are kept safely for a period of time.
  2. A financial institution that holds customers’ money or investments and keeps records of them.
  3. An organization that keeps securities in electronic form and helps with transfers and settlement.

Examples

  • The warehouse is a depository for spare parts.
  • The attic becomes a depository for old books.