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lockbox

[ˈlɑːkbɒks]

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

Synonyms for lockbox

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.

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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.