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
Some of the new seed has been returned to Svalbard for safekeeping.
Once they are notified of an on-duty death, commanding officers collect the officer’s star, shield and ID card for safekeeping.
The safekeeping of a private key remains the bottleneck regarding the inheritance of Bitcoins.
Land conservationists have had the sudden realization that giving privately purchased land preserves to the American government for safekeeping is no longer wise.
Investigators said there were no indications Ziemba had any intent to use the weapons in his room but had simply brought them from his vehicle for safekeeping.
Most recently, the Seine flooded in 2016 to a level of about 6.10 meters, which caused enough anxiety for the Louvre to remove some of its artworks in basement storage for out-of-town safekeeping.
As investigators combed the crime scene for clues, a family dog was taken from the house to the animal shelter for safekeeping.
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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