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The safekeeping function involves the electronic storage of securities records in custody accounts, and the transfer and settlement function involves the transfer of securities between parties.

idiom. : in order to be kept from danger or harm. I gave her my jewelry for safekeeping while I was away.

Safekeeping means protecting or guarding an object. You might put a batch of cupcakes on top of the refrigerator for safekeeping, hoping to keep them safe from your hungry roommates until after dinner.

the act of keeping safe or the state of being kept safe; protection; care; custody.

Safekeeping is storing assets or items of value in a safe area, such as with a custodian or financial institution.

Safekeeping Agreement means the Custody and Control Agreement executed and entered into by Pledgor, Secured Party, and Safekeeping Agent in a form acceptable to Secured Party in its sole and absolute discretion on even date herewith and pursuant to this Agreement.

Individuals who place an asset in safekeeping—often with a bank trust department—generally receive a safekeeping certificate. These receipts indicate that the asset of the individual does not become an asset of the institution and that the institution must return the asset to the individual upon request.

Examples of safekeeping The teen had a bike with him at the time, which firefighters took for safekeeping. He had various stashes for the cash -- wrapped in plastic and buried in the backyard or driven down south to a friend for safekeeping.