Depository
Term · Law · MLC-T-LAW-001575
An entity, such as a bank or trust company, that holds funds, securities, or other assets for safekeeping on behalf of others. It acts as a custodian, providing a secure place for assets and often facilitating transactions related to those assets. The Federal Deposit Insurance Corporation (FDIC) insures deposits held in many U.S. depositories.
| Identifier | MLC-T-LAW-001575 |
|---|---|
| Field | Law |
Record as JSON
{
"id": "MLC-T-LAW-001575",
"term": "Depository",
"field": "Law",
"definition": "An entity, such as a bank or trust company, that holds funds, securities, or other assets for safekeeping on behalf of others. It acts as a custodian, providing a secure place for assets and often facilitating transactions related to those assets. The Federal Deposit Insurance Corporation (FDIC) insures deposits held in many U.S. depositories.",
"url": "https://mlchart.com/terminology/law/depository/"
}
Record 1,443 of 5,445 in Law terminology (MLC-0107). Request the full dataset.