A collection and processing service provided to clients by third-party providers, such as ACH Direct These providers collect business-to-corporate (B2C) payments from a dedicated postal box to which clients have directed customers to send payment (See Remittance Processing ) The payment stream is typically low dollar and high volume, with a high incidence of OCR scanable coupons and bar-coded return envelopes
A remote secure location, such as a post office box, where customers send payments instead of to corporate headquarters, and where a local financial institution receives those payments and transfers to the vendor account A system used to speed up the cash collection cycle
A financial institution or third party processor service that facilitates rapid collection and posting of corporate receivables Typically, customer payments are mailed to a lockbox or mailbox for collection, sorting, totaling and recording by the bank or provider rather than by the billing organization
A cash management system Basically, a bank will provide a post office box to a customer The letters in the post office box are opened daily and checks are deposited in an account Typically, the ending daily account balance is transferred to the bank account of the parent corporation The purpose of the lockbox system is to reduce the float time from processing customers' checks
A collection and processing service provided to firms by banks, which collect payments from a dedicated postal box to which the firm directs its customers to send payment to The banks make several collections per day, process the payments immediately, and deposit the funds into the firm's bank account
A collection and processing service provided to firms by banks, which collect payments from a dedicated postal box that the firm directs its customers to send payment to The banks make several collections per day, process the payments immediately, and deposit the funds into the firm's bank account
Any of several legislative mechanisms that attempt to isolate or "lock away" funds of the federal government for purposes such as reducing federal spending, preserving the surplus, or protecting the solvency of trust funds See surplus and trust funds
A banking service in which a bank assumes the responsibility for receiving, examining, processing, and crediting incoming checks for a customer in order to reduce mail, deposit, and collection time
lock box
الواصلة
Lock box
التركية النطق
läk bäks
النطق
/ˈläk ˈbäks/ /ˈlɑːk ˈbɑːks/
علم أصول الكلمات
[ 'läk ] (noun.) before 12th century. Middle English lok, from Old English locc; akin to Old High German loc lock, Greek lygos withe, Latin luxus dislocated.