Depositary definition: Copy, customize, and use instantly
Introduction
The term "Depositary" refers to an entity or person entrusted with the responsibility to hold and safeguard assets, documents, or funds on behalf of another party. It is essential for ensuring proper custody, security, and management of assets in various business or legal contexts, such as investment funds or escrow arrangements.
Below are various examples of how "Depositary" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Depositary" as an asset custodian
This definition ties "Depositary" to the role of asset custodian.
"Depositary" means a person or institution entrusted with the responsibility of holding and safeguarding assets, securities, or funds on behalf of a client or beneficiary, ensuring their protection and proper management.
Definition of "Depositary" as a financial institution
This definition links "Depositary" to financial institutions.
"Depositary" refers to a financial institution designated to hold and manage funds, securities, or other assets for clients, ensuring compliance with regulatory standards and safeguarding the assets.
Definition of "Depositary" as an escrow agent
This definition connects "Depositary" to its role as an escrow agent.
"Depositary" means a neutral third party or institution responsible for holding funds, assets, or documents in escrow, ensuring they are released only upon fulfillment of specific contractual conditions.
Definition of "Depositary" as a custodian of securities
This definition ties "Depositary" to its role as a custodian of securities.
"Depositary" refers to a financial institution or entity that holds and manages securities on behalf of clients, ensuring their safekeeping and providing services such as settlement and record-keeping.
Definition of "Depositary" as a trustee for holding assets
This definition links "Depositary" to its role as a trustee.
"Depositary" means a trustee or fiduciary institution responsible for holding assets, ensuring proper management and security in accordance with the terms of the trust agreement or contract.
Definition of "Depositary" as a managing agent for funds
This definition connects "Depositary" to its role in managing funds.
"Depositary" refers to an agent or institution responsible for the management, safekeeping, and administration of client funds, ensuring compliance with applicable legal and financial regulations.
Definition of "Depositary" as a party responsible for safekeeping assets
This definition ties "Depositary" to safekeeping responsibilities.
"Depositary" means a party, typically an institution or legal entity, responsible for the safekeeping of assets, including securities, cash, or documents, ensuring that they are protected from loss or mismanagement.
Definition of "Depositary" as a fiduciary for client assets
This definition links "Depositary" to its fiduciary duty.
"Depositary" refers to a fiduciary institution or individual entrusted with the responsibility of holding and safeguarding assets, acting in the best interest of the client or beneficiary.
Definition of "Depositary" as a legal custodian
This definition connects "Depositary" to its legal role as a custodian.
"Depositary" means a legal entity responsible for holding and managing assets, ensuring that all legal and contractual obligations related to the custody of the assets are met.
Definition of "Depositary" as a custodian for investment funds
This definition ties "Depositary" to investment funds.
"Depositary" refers to a custodian institution designated to hold and safeguard the assets of an investment fund, ensuring the proper and secure management of the fund’s investments in compliance with relevant laws.
Definition of "Depositary" as an independent third-party custodian
This definition links "Depositary" to its independent third-party role.
"Depositary" means an independent third party responsible for holding and safeguarding assets or securities on behalf of clients, ensuring their protection and compliance with agreed terms.
Definition of "Depositary" as an administrator for asset protection
This definition connects "Depositary" to asset protection.
"Depositary" refers to an administrator responsible for protecting and securing assets on behalf of another party, ensuring that the assets are held safely and managed in accordance with legal requirements.
Definition of "Depositary" as a bank serving as custodian
This definition ties "Depositary" to its role as a bank.
"Depositary" means a bank or financial institution acting as a custodian, holding and managing assets such as funds, securities, or documents for clients or investors.
Definition of "Depositary" as a responsible holder of funds
This definition links "Depositary" to its role in holding funds.
"Depositary" refers to a responsible party or institution tasked with holding funds or assets for a specific purpose, ensuring they are securely managed and disbursed as per the agreed terms.
Definition of "Depositary" as an agent in custody agreements
This definition connects "Depositary" to custody agreements.
"Depositary" means an agent or institution designated to hold and protect assets under a custody agreement, ensuring the assets are managed according to the terms set forth by the parties involved.
Definition of "Depositary" as a fund manager's custodian
This definition ties "Depositary" to its role in fund management.
"Depositary" refers to a custodian institution designated by a fund manager to hold, secure, and manage the assets of the fund, ensuring compliance with legal and financial standards.
Definition of "Depositary" as a provider of asset safekeeping services
This definition links "Depositary" to safekeeping services.
"Depositary" means a provider of asset safekeeping services, ensuring that assets or securities are securely stored and protected from loss, theft, or mismanagement.
Definition of "Depositary" as a custodian of collateral
This definition ties "Depositary" to the management of collateral.
"Depositary" means a party responsible for holding collateral assets on behalf of another party, ensuring their safekeeping and proper handling as per the terms of the collateral agreement.
Definition of "Depositary" as an entity with custody over investment securities
This definition links "Depositary" to investment securities.
"Depositary" refers to an entity that holds investment securities in custody, providing services such as settlement, record-keeping, and reporting to the beneficial owner.
Definition of "Depositary" as a contractual agent for asset safekeeping
This definition connects "Depositary" to a contractual agent role.
"Depositary" means a party designated under contract to hold and safeguard assets, ensuring they are protected in accordance with the terms of the custodial agreement.
Definition of "Depositary" as an entity ensuring secure document storage
This definition ties "Depositary" to document storage.
"Depositary" refers to an entity entrusted with the responsibility of securely storing and managing important documents, such as certificates or deeds, on behalf of another party.
Definition of "Depositary" as an organization for holding funds in trust
This definition links "Depositary" to its role in trust agreements.
"Depositary" means an organization entrusted with holding and managing funds or assets in trust for the benefit of another party, ensuring proper fiduciary management.
Definition of "Depositary" as a secure holder of assets for distribution
This definition connects "Depositary" to asset distribution.
"Depositary" refers to a secure holder of assets, tasked with holding funds or property for the purpose of distribution according to specific instructions or contractual agreements.
Definition of "Depositary" as a responsible entity for managing securities
This definition ties "Depositary" to the management of securities.
"Depositary" means an entity responsible for managing, safeguarding, and transferring securities on behalf of investors or other parties, ensuring compliance with legal and regulatory requirements.
Definition of "Depositary" as a third-party custodian for funds
This definition links "Depositary" to its third-party custodian role.
"Depositary" refers to a third-party custodian that holds funds or assets in accordance with a contractual agreement, ensuring that the assets are securely managed until the fulfillment of predetermined conditions.
Definition of "Depositary" as a repository for physical assets
This definition connects "Depositary" to physical asset storage.
"Depositary" means a physical or digital repository responsible for storing and safeguarding assets, ensuring they are protected from loss, theft, or misappropriation.
Definition of "Depositary" as an administrator of financial instruments
This definition ties "Depositary" to financial instrument administration.
"Depositary" refers to an administrator responsible for managing financial instruments, such as bonds or stocks, ensuring proper custody and adherence to applicable financial regulations.
Definition of "Depositary" as an institution ensuring proper asset registration
This definition links "Depositary" to asset registration.
"Depositary" means an institution responsible for the registration, safekeeping, and transfer of assets, ensuring all legal requirements for asset ownership and management are met.
Definition of "Depositary" as a service provider for asset protection
This definition connects "Depositary" to asset protection services.
"Depositary" refers to a service provider entrusted with the responsibility of safeguarding assets or funds on behalf of a client, ensuring the protection and proper management of these assets in line with legal and contractual requirements.
Definition of "Depositary" as an independent entity for asset oversight
This definition ties "Depositary" to independent asset oversight.
"Depositary" means an independent entity that oversees the custody and management of assets, providing an objective role in ensuring compliance with contractual and regulatory standards.
Definition of "Depositary" as a safekeeping agent for corporate securities
This definition links "Depositary" to corporate securities.
"Depositary" refers to an agent responsible for the safekeeping and management of corporate securities, ensuring proper handling, record-keeping, and regulatory compliance.
Definition of "Depositary" as an institution holding assets in escrow
This definition connects "Depositary" to escrow agreements.
"Depositary" means an institution that holds assets in escrow, ensuring the assets are disbursed according to the terms and conditions specified in the escrow agreement.
Definition of "Depositary" as a secure party for holding shares
This definition ties "Depositary" to shareholding.
"Depositary" refers to a secure party responsible for holding shares or ownership interests on behalf of shareholders, ensuring the safekeeping and management of those shares in accordance with legal requirements.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.