depository

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Related to bank depository: Depositary bank

Depository Institution

An organization, which may be either for-profit or non-profit, that takes money from clients and places it in any of a variety of investment vehicles for the benefit of both the client and the organization. Common examples of depository institutions are retail banks and savings and loan associations, both of which take deposits into safekeeping and use them to make loans to other customers.

depository

References in periodicals archive ?
Tenders are invited for Provision Of Bank Depository Services And Merchant Services
Tenders are invited for BANK DEPOSITORY SERVICES AND MERCHANT SERVICES
he City of San Angelo (the City ) is requesting proposals for a three (3) year bank depository services contract with two possible one-year extensions.