Legal Dictionary of Pakistan

Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.

Depositary

1. A person or institution that one leaves money or valuables with for safekeeping <a title-insurance officer is the depositary of the funds>. 9 When a depositary is a company, it is often termed a safe-deposit company. Cf. DEPOSITORY. 2. A gratuitous bailee. See DEPOSIT (6).

Depositary bank

the first bank to which an item is transferred for collection. Ucc § 4-105(2).

depositary bank

See BANK.