The storage of assets or other items of value in a protected area.

Individuals may use self-directed methods of safekeeping or the services of a bank or brokerage firm. Financial institutions are custodians and are therefore legally responsible for the items in safekeeping.

Also known as "safekeep".

Individuals who place an asset in safekeeping are also issued a safekeeping receipt. These receipts indicate that the asset of the individual does not become an asset of the institution and that the asset may be returned to the individual upon request. A fee may be required for these services.

Investment dictionary. . 2012.

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  • safekeeping — ► NOUN ▪ preservation in a safe place …   English terms dictionary

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  • safekeeping — An arrangement under which a third party holds securities or other valuables under safe, controlled conditions. A safekeeping arrangement is evidenced by a safekeeping receipt. American Banker Glossary …   Financial and business terms

  • safekeeping — n. in safekeeping * * * in safekeeping …   Combinatory dictionary

  • safekeeping — safe|keep|ing [ˌseıfˈki:pıŋ] n [U] the state of being kept safe, or the action of keeping something safe for safekeeping ▪ My passport was in the inner pocket of my bag, for safekeeping …   Dictionary of contemporary English

  • safekeeping — [[t]se͟ɪfki͟ːpɪŋ[/t]] N UNCOUNT: usu for N If something is given to you for safekeeping, it is given to you so that you will make sure that it is not harmed or stolen. Hampton had been given the bills for safekeeping by a business partner …   English dictionary

  • safekeeping — safe|keep|ing [ seıf kipıŋ ] noun uncount protection from harm, damage, or loss: Your will should be left with your lawyer for safekeeping …   Usage of the words and phrases in modern English

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