Examples of safekeeping in a Sentence
His will is in safekeeping with his lawyer.
while she was away on business, the single mom entrusted her daughter into her in-laws' safekeeping
Recent Examples of safekeeping from the Web
Reuters turned over the remains to McArthur for analysis and safekeeping.
The evidence was kept for safekeeping and the owner was located and the cash returned on Sept. 25.
Nico’s did not obtain use of the liquor license, which state records say is in safekeeping.
Wisconsin Heritages continued making last-ditch pitches, offering $100,000 to bring the mansion up to code even as artifacts were being removed from the building for safekeeping.
Everything seems possible in that moment, in this laboratory, as Anz drops the magic vials back into the freezer for safekeeping.
Upon seeing the flag in the water, one of the officers removed it from the pole for safekeeping until after the storm.
Lucas -- who wanted to destroy the gun -- gave the AR-15 rifle to a friend for safekeeping, stoking accusations of breaking a new state law meant to stop unlicensed gun transfers.
After pocketing that golf ball for safekeeping, Tetzlaff then hit a 9-iron to the 140-yard sixth hole.
These example sentences are selected automatically from various online news sources to reflect current usage of the word 'safekeeping.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
First Known Use of safekeeping
Financial Definition of SAFEKEEPING
What It Is
Safekeeping is a term describing a financial institution's responsibility to keep clients' assets in a safe area.
How It Works
Let's say John Doe deposits $4,000 into his savings account at Bank XYZ. Bank XYZ has an obligation to keep John's $4,000 separate and apart from its own accounts that it uses to pay the bank employees and other expenses.
Similarly, John Doe's brokerage firm has a responsibility to keep the money in his account separate from the brokerage firm's own cash and house accounts.
Why It Matters
One of the fundamental purposes of the entire banking industry is safekeeping. That is, they provide people with a safe place to keep their money until they need it.
A safekeeping certificate is a document that proves that a person owns a security or a CD. American Depository Receipts (ADRs) are some of the most common forms of safekeeping certificates. Issued by U.S. banks, American Depository Receipts (ADRs) are certificates that represent shares of a foreign stock owned by the issuing bank. The foreign shares are usually held in custody overseas, but the certificates trade in the U.S. Through this system, a large number of foreign-based companies are actively traded on one of the three major U.S. equity markets (the NYSE, AMEX or Nasdaq).
SAFEKEEPING Defined for English Language Learners
SAFEKEEPING Defined for Kids
Seen and Heard
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