👉 The term "safekeeping" is used in various fields, such as banking and finance, to describe a storage or safeguarding of assets. It refers to the process of keeping certain financial instruments, such as securities, cash, or precious metals, in an environment that is secure from unauthorized access or theft. In the context of banking, safekeeping may involve ensuring that the funds are kept within established guidelines and procedures, while also protecting against potential risks such as fraud or loss.
