Difference between Deposit and Depositary

What is the difference between Deposit and Depositary?

Deposit as a noun is sediment or rock that is not native to its present location or is different from the surrounding material. sometimes refers to ore or gems. while Depositary as a noun is one that receives a deposit in trust

Deposit

Part of speech: verb

Definition: To leave or adhere one material or item onto another. To entrust one's assets to the care of another. Sometimes done as collateral. To put money or funds into an account.

Part of speech: noun

Definition: Sediment or rock that is not native to its present location or is different from the surrounding material. Sometimes refers to ore or gems. asset that was left to the care of the other Money placed in an account. Anything left behind on a surface. A sum of money or other asset given as an initial payment, to show good faith, or to reserve something for purchase.

Example sentence: It has always been my practice to cast a long paragraph in a single mould, to try it by my ear, to deposit it in my memory, but to suspend the action of the pen till I had given the last polish to my work.

Depositary

Part of speech: adjective

Definition: Acting as the trusted recipient of a deposit

Part of speech: noun

Definition: One that receives a deposit in trustA place where deposits are kept

We hope you now know whether to use Deposit or Depositary in your sentence.

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