InvestorWords.com

lockbox 

A service offered by banks to companies in which the company receives payments by mail to a post office box and the bank picks up the payments several times a day, deposits them into the company's account, and notifies the company of the deposit. This enables the company to put the money to work as soon as it's received, but the amounts must be large in order for the value obtained to exceed the cost of the service.

This content can be found on the following page:

Copyright©1997-2008 by InvestorWords.com. ALL RIGHTS RESERVED.

Reproduction of all or part of this glossary and/or this page, in any format, without written consent is prohibited. If you have questions about this dictionary please feel free to contact us feedback@investorguide.com

Copy and paste this HTML in your website to link to this page    <a href="http://www.investorwords.com/2868/lockbox.html">lockbox</a>