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Lockbox

   Also found in: Dictionary/thesaurus, Wikipedia 0.04 sec.
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.
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SentriLock's realtor lockbox safeguards a housekey to give real estate agents controlled access to listed properties.
Direct metal laser-sintering makes a speedy delivery by Modern Casting
Lockbox continues to be the main collection method for wholesale business in the United States.
Image lockbox unlocks new level of financial benefit by Los Angeles Business Journal
For Greenthal that can be a hefty number; but the bank lockbox system they were using to process tenant payments couldn't handle rejections.
Realm: smart collection means money in the bank by Stoker-Ring, Aaron / Real Estate Weekly
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