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单词 safekeeping
释义

safekeeping


safe·keep·ing

S0016100 (sāf′kē′pĭng)n. The act of keeping safe or the state of being kept safe; protection.

safekeeping

(ˈseɪfˈkiːpɪŋ) nthe act of keeping or state of being kept in safety

safe•keep•ing

(ˈseɪfˈki pɪŋ)

n. the act of keeping safe or the state of being kept safe; protection; care; custody. [1400–50]
Thesaurus
Noun1.safekeeping - the responsibility of a guardian or keeper; "he left his car in my keeping"guardianship, keepinghands, custody - (with `in') guardianship over; in divorce cases it is the right to house and care for and discipline a child; "my fate is in your hands"; "too much power in the president's hands"; "your guests are now in my custody"; "the mother was awarded custody of the children"duty, obligation, responsibility - the social force that binds you to the courses of action demanded by that force; "we must instill a sense of duty in our children"; "every right implies a responsibility; every opportunity, an obligation; every possession, a duty"- John D.Rockefeller Jr

safekeeping

noun protection, keeping, care, charge, trust, ward, custody, supervision, surveillance, tutelage, guardianship He had been given the bills for safekeeping by a business partner.
Translations
φύλαξη
IdiomsSeefor safekeeping

Safekeeping


Safekeeping

The act of a brokerage holding a client's securities or other assets on his/her behalf. This reduces the risk of the client losing his/her assets or having them stolen. They are also available to the brokerage to sell at the client's demand. Like a bank, safekeeping provides an investor a place to store assets with little risk. Unlike a bank, brokerages are not allowed to use the items in safekeeping for their own ends. Assets in safekeeping are not fungible for the brokerage because they remain in the client's name; for this reason, brokerages normally require a fee for safekeeping services. See also: Street name safekeeping.

safekeeping

The keeping of assets, including securities, by a financial institution.

Safekeeping.

Safekeeping occurs when a broker-dealer holds securities that are registered in a client's name for the client.

The advantage from the client's perspective is that the securities are safe and the broker-dealer has them available to sell at the client's instruction.

The disadvantage from the broker-dealer's perspective is that securities held in a client's name are not fully negotiable or fungible, so they can't be used to settle trades, for example. Thus, it's a service for which many firms charge a fee.

Instead of being registered in their own names, clients' securities may be registered in the broker-dealer's name or in the name of a depository. That's known as being registered in street name or nominee name.

With this type of registration, the client's ownership rights are fully protected but the stock is fungible. The broker-dealer may use a limited portion of the holding to settle trades or for other purposes.

safekeeping


  • noun

Synonyms for safekeeping

noun protection

Synonyms

  • protection
  • keeping
  • care
  • charge
  • trust
  • ward
  • custody
  • supervision
  • surveillance
  • tutelage
  • guardianship

Synonyms for safekeeping

noun the responsibility of a guardian or keeper

Synonyms

  • guardianship
  • keeping

Related Words

  • hands
  • custody
  • duty
  • obligation
  • responsibility
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更新时间:2025/2/24 15:10:16