1. a place where things are stored for safekeeping
2. a financial institution that accepts deposits
Usage: banking

Examples

• The museum’s art depository houses thousands of paintings not currently on display.
• Important documents are kept in a secure depository downtown.
• The bank serves as a depository for customer funds.
• Archaeological artifacts are stored in the university’s depository.
• The company uses a data depository to backup all digital files.
• Federal credit unions act as depositories for member savings.