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:
“They lock me in this chair at eight a.m.
and there are no signs to tell the way,
just the radio beating to itself
and the song that remembers
more than I.”
—Anne Sexton (1928–1974)
“He had put, within his reach,
A box of counters and a red-veined stone,
A piece of glass abraded by the beach,
And six or seven shells,
A bottle with bluebells,
And two French copper coins, ranged there with careful art,”
—Coventry Kersey Dighton Patmore (1823–1896)