lock box

English - Turkish

Definition of lock box in English Turkish dictionary

Related Terms

lockbox

(Ticaret) kasa

lockbox

kilitli kutu

lockbox

Kiralık banka kasası

English - English

Definition of lock box in English English dictionary

Related Terms

lockbox

A box with a built-in lock

lockbox

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

lockbox

A service performed by a vendor in which customers' incoming payments are picked up from a Post Office box and processed

lockbox

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

lockbox

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

lockbox

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

lockbox

A post office box established by a financial institution for the purpose of receiving paper-based payments to an agency

lockbox

A way station (typically a post office box) at which customers may send payments to a firm

lockbox

a fireproof metal strongbox (usually in a bank) for storing valuables

lockbox

a collection system whereby the bank receives, processes and deposits all mail receipts for a company, thereby reducing delays in depositing funds

lockbox

The ability to receive all customer payments in one location and post the funds to the appropriate accounts in their local office

lockbox

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

lockbox

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lockbox

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

lockbox

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

lockbox

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

Hyphenation

Lock box

Turkish pronunciation

läk bäks

Pronunciation

/ˈläk ˈbäks/ /ˈlɑːk ˈbɑːks/

Etymology

[ '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.