An organization where security certificates are stored until they are ready to be transferred at a later date to the holder or to another party.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
A centralized location in which security certificates are placed and stored for later transfer. (Transfers usually take place by book entry rather than by physical movement.) Also called depository. See also Depository Trust Company.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.