lockbox Definition
a secure container, typically a metal strongbox, used for storing valuable items or documents.
Using lockbox: Examples
Take a moment to familiarize yourself with how "lockbox" can be used in various situations through the following examples!
Example
The real estate agent kept the house keys in a lockbox.
Example
The company stores important documents in a lockbox.
Example
She put her jewelry in a lockbox for safekeeping.
lockbox Synonyms and Antonyms
Phrases with lockbox
an electronic system for securely storing and managing sensitive information or data
Example
The bank uses a digital lockbox to store customers' financial information.
a service provided by banks that allows businesses to receive payments by mail directly to a special post office box, which the bank then collects and processes
Example
The company uses lockbox banking to streamline their payment processing.
a system of collecting and processing payments through a designated post office box or electronic system
Example
The lockbox system has helped the company to manage their accounts receivable more efficiently.
Summary: lockbox in Brief
A 'lockbox' [ˈlɑːkbɒks] is a secure container, usually made of metal, used to store valuable items or documents. It is commonly used in real estate to store house keys, and by companies to store important documents. The term extends to phrases like 'digital lockbox' and 'lockbox banking,' which refer to electronic systems for securely storing and managing sensitive information or processing payments.
