depositary

[ dih-poz-i-ter-ee ]

noun

, plural de·pos·i·tar·ies.

1. one to whom anything is given in trust.
2. depository ( def 1 ).

adjective

1. depository ( def 3 ).

depositary

/ -trɪ; dɪˈpɒzɪtərɪ /

noun

1. a person or group to whom something is entrusted for safety or preservation
2. a variant spelling of depository

Word History and Origins

Origin of depositary¹

1595–1605; < Late Latin dēpositārius a trustee, equivalent to Latin dēposit ( us ) ( deposit ) + -ārius -ary

Example Sentences

The cases stemmed from the 2015 sale of Philippine depositary receipts, which is a way for companies to raise money from foreign investors.

From BBC

But events in Russia have forced many investors to write down the value of depositary receipts of Russian companies to zero, given their inability to trade them.

From Reuters

The shares have been held in Russia by a different depositary bank.

From Reuters

Its shares rose 6% after the bell as the company said the declaration of the depositary unit was ahead of schedule due to the inquiries following the report.

From Reuters

In a Monday regulatory filing describing its U.S.-listed equity investments as of Sept. 30, Berkshire said it owned about 60.1 million of Taiwan Semiconductor's American depositary shares.

From Reuters