Legal Definitions - deposit company

A deposit company is an institution that provides safekeeping services for securities or other valuables deposited in boxes or safes leased to the depositors. It is a type of company that specializes in keeping valuable items safe for their clients.

For example, a person may rent a safe deposit box from a deposit company to store important documents, jewelry, or other valuable items. The deposit company will provide a secure location for the items and ensure that only the renter or authorized persons have access to the box.

Another example is a securities deposit company that holds securities on behalf of investors. These companies provide a secure location for investors to store their securities and ensure that they are not lost or stolen.

In summary, a deposit company is a specialized type of company that provides safekeeping services for valuable items. It ensures that the items are secure and only accessible to authorized persons.