safekeep

To keep safe; to preserve from harm or loss.

Verb

  1. To keep safe; to preserve from harm or loss.
    • 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. - 1983,...
    • 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...

Origin

Back-formation from safekeeping.

Forms

safekeeps safekeeping safekept