1. a person or institution that is entrusted with something for safekeeping
2. a place where something is deposited for storage or safekeeping

Examples

• The bank serves as a depositary for valuable documents.
• She was named depositary of her grandmother’s jewelry collection.
• The library acts as a depositary for rare manuscripts.
• The museum is the official depositary of the artist’s works.
• They chose a secure depositary for their important papers.
• The depositary must maintain detailed records of all items.