lockbox - definition in the Business English Dictionary - Cambridge Dictionaries Online

Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “lockbox”

lockbox

noun [C]
 
 
/ˈlɒkbɒks/ BANKING
a service provided by banks in which a company's customers send payments directly to a bank so that the money can be paid immediately into the company's bank account: lockbox facility/service Checks are sent to a post office box in Pittsburgh, to be processed through the bank's lockbox facility.
a strong, locked container used for storing money and valuable possessions: He has a lockbox at the back of the office where he stores cash and other valuables.
(Definition of lockbox from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of lockbox?
Add Cambridge dictionaries to your browser to your website

Word of the Day

a game in hand

if a sports team has a game in hand over other teams in a competition, it still has another game to play in which it can gain points

Word of the Day

What’s All The Commotion About? (Words to describe sounds)

by Kate Woodford,
May 20, 2015
​​​ In this post we look at a range of words and phrases that we use to describe noise and the absence of noise. Starting with complete quiet, we sometimes use the noun hush to describe silence: A hush fell over the room as the bride walked in./There was a deathly hush (=complete

Read More 

ancestral health noun

May 25, 2015
diet based on the presumed diet of our Palaeolithic ancestors ‘Ancestral health,’ to use a term popular among Paleo followers, has gone mass.

Read More