security depository

security depository definition - business

security depository

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.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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