Lock Box
Lockbox banking is a service offered to organizations by commercial banks that simplifies collection and processing of account receivables by having those organizations' customers' payments mailed directly to a location accessible by the bank.
Read more about Lock Box: General, Wholesale and Retail, Electronic Conversion
Famous quotes containing the words lock and/or box:
“There warn’t anybody at the church, except maybe a hog or two, for there warn’t any lock on the door, and hogs likes a puncheon floor in summertime because it’s cool. If you notice, most folks don’t go to church only when they’ve got to; but a hog is different.”
—Mark Twain [Samuel Langhorne Clemens] (1835–1910)
“He holds the wire from this box of nerves
Praising the moral error
Of birth and death, the two sad knaves of thieves,
And the hunger’s emperor;
He pulls the chain, the cistern moves.”
—Dylan Thomas (1914–1953)