Safekeeping Definition

sāfkēpĭng
noun
A keeping or being kept in safety; protection or custody.
Webster's New World

The storage of assets in a protected area.

Wiktionary
Wiktionary

(US) Not returning checks; a system wherein banks keep checks (cheques) that people write, rather than returning them to the account holder with their monthly statement.

Wiktionary

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safekeeping