Lockbox
nounverified·updated May 9, 2026
Deposit mechanism used by commercial firms and businesses to facilitate their deposit transaction volume. Typically, commercial firms and businesses direct customers to send payments directly to a financial institution address or post office box controlled by the institution. Financial institution personnel record payments received and prepare deposit slips, and subsequent processing proceeds as with other deposit taking activities.
Federal Financial Institutions Examination Council (FFIEC) IT Examination Handbook Infobase, Glossary
Senses
Wordset Dictionary
a fireproof metal strongbox (usually in a bank) for storing valuables
Classifications
Entity Type
Physical85%llm-generatedllm:claude-haiku-4-5
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Sensitivity
—80%llm-generatedllm:claude-haiku-4-5
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Information Class
—70%llm-generatedllm:claude-haiku-4-5
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Variants
- synonym
- safe-deposit box
- plural
- Lockboxes
- possessive
- Lockbox's
- pluralpossessive
- Lockboxes'