Meaning of the word depository in English
What does depository mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
depository
US /dɪˈpɑː.zə.tɔːr.i/
UK /dɪˈpɒz.ɪ.tər.i/
Noun
1.
a place where things are stored or deposited for safekeeping
Example:
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The national archives serve as a depository for historical documents.
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The bank offers a safe depository for valuable items.
2.
a financial institution that accepts deposits from the public
Example:
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Commercial banks are common types of depository institutions.
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Credit unions also function as a depository for their members' savings.