Etymology
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safe-deposit (adj.)

"providing safe storage for valuables of any kind," by 1864; see safe (adj.) + deposit (n.).

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Definitions of safe-deposit

safe-deposit (n.)
a fireproof metal strongbox (usually in a bank) for storing valuables;
Synonyms: safe-deposit box / safety-deposit / safety deposit box / deposit box / lockbox
From wordnet.princeton.edu