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Pronunciation varies by accent · verb
(transitive, chiefly finance) 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.
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.
Use safekeep when its meaning, tone and grammar fit the full sentence. A synonym is not always a direct replacement.
Safekeep means (transitive, chiefly finance) To keep safe; to preserve from harm or loss..
The closest synonym depends on the sentence and intended sense.
The opposite depends on the specific sense.
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.
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