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safekeep, but we will also tell you about its etymology, its characteristics and you will know how to say
safekeep in singular and plural. Everything you need to know about the word
safekeep you have here. The definition of the word
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English
Etymology
Back-formation from safekeeping.
Verb
safekeep (third-person singular simple present safekeeps, present participle safekeeping, simple past and past participle safekept)
- (transitive, chiefly finance) To keep safe; to preserve from harm or loss.
1983, Marcia L. Stigum, Rene O. Branch, Managing bank assets and liabilities:If a customer wants $1 million of General Motors Acceptance Corporation (GMAC) paper, the bank carries out the transaction between the customer and GMAC and safekeeps the paper for the customer until it matures.
2003, Federal Reserve Bank of New York Economic Policy Review:During the mid-1960s, Federal Reserve officials focused on developing institutional arrangements that would facilitate the conversion to book-entry form of definitive securities already safekept at Reserve Banks; they did not address the possibility of a larger system.