depository
C1CEFR level
60/100Rarity: rare
TechnicalRegister
A central entity that holds securities in electronic form and records their ownership.
Settlement finalised the moment the depository debited the seller's account and credited the buyer's.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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