lockbox
Definition
Noun: 1. A secure, often fireproof container, typically made of metal, used for storing valuable items: A lockbox is a type of strongbox designed with a built-in lock to provide security. It is commonly used by individuals, businesses, or institutions to protect important documents, cash, jewelry, or other valuables from theft or damage. 2. A rented security container within a bank vault: In banking, a lockbox often refers to an individual safe deposit box rented by a customer within the bank's secure vault area.
Usage Examples
- Noun:
- She kept her grandmother's pearls and the property deeds in a small lockbox at home.
- Important contracts are stored in the company's fireproof lockbox.
- For added security, they rented a lockbox at the local bank to store their passports and bonds.
Advanced Usage
- "Lockbox service" (Banking/Commerce): A service offered by banks where a company's payments (like checks) are sent directly to a post office box managed by the bank. The bank collects, processes, and deposits the funds, streamlining the company's cash flow.
- The corporation uses a lockbox service to accelerate the collection of receivables from its national customers.
Variants and Related Words
- Safe deposit box (n): A synonym, specifically for the bank-vault type of lockbox.
- Strongbox (n): A general term for a sturdy, lockable box for valuables. A lockbox is a type of strongbox.
- Safe (n): A larger, more substantial secure storage container, often a free-standing cabinet.
Synonyms
- Safe deposit box
- Strongbox
- Coffer
- Security box
Related Phrases
- In a lockbox: Describes the state of being securely stored.
- The original will is kept in a lockbox.
- Lockbox agreement: The contract governing the terms of a lockbox service with a bank.
Noun
-
a fireproof metal strongbox (usually in a bank) for storing valuables
Khám phá thêm
Các từ liên quan
Từ đồng nghĩa
