A post office or electronic box in which customer payments are deposited. The box is accessible by local banks who pass the payments to the company's main bank. A lock box serves the purpose of reducing float for the receiver company.
A regional bank depository used by large corporations to obtain earlier receipt of customer payments rather than having checks sent to one central office. The arrangement provides the creditor with better control of cash and earlier availability of cash balances. Vendors who distribute nationally usually locate such lock boxes strategically and centralize daily deposits for prompt availability of funds.
a device that hangs on a door knob (it's locked on so it can't be removed) or gets attached to the door frame
a metal box the agent puts on your door that contains a key so you don't have to be home for someone to show the house
a post office box used by a corporation for the collection of bill payments or other check receipts
a secured box or vault that
A box with a lock that usually contains passive cable devices. May be located on the side of a building or in a utility room inside.
Usually set in post office walls in groups. Mail is sorted by individual box number from the employee working area. The Customer removes it after unlocking the door on the public side with the key supplied when the box is rented. (case postale)
A key safe that is placed on a property to allow greater access and flexibility in showing the property. Only licensed real estate brokers (agents) who are members of the local real estate boards have the key or combination to open the lock box and get the property key. Modern lock boxes have an electronic "key" where each agent has an individual code. This way, the listing agent is able to recall a record of who has accessed the property key.
A key storage system placed on a home entrance that is accessible only by active, licensed real estate agents who must abide by a strict set of guidelines when showing a seller's home.
type of lock primarily used for REO properties in addition to a regular lock, where a key is installed inside of the box and the box is attached to the outside of the door. To open the lock box you must first have the combination code.
1: Process whereby a firm's customers mail payments to a post office box. The bank collects the checks from the lock box and deposits them into the firm's account. The company is then notified of the deposits either by telephone or electronically. 2: Service provided by a bank in which they hold a customer's securities and deposit any income or dividends received. See: Box
A small, securely locked box that is placed on a property to hold the front door key for easy access by real estate agents. Only licensed real estate professionals who are members of the local real estate board have the key or combination to open the lock box. Modern lock boxes are electronic, and are opened with a code that is different for each agent. This way, there is a record of who has entered the property.
