Box

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Box

The actual physical location at a brokerage house or bank where securities or other documents are stored for safekeeping. Alternatively, a quotation machine or battery march. Also known as 'the cage.'

Box

The physical location where a brokerage keeps securities being held as collateral on loans. Boxes are used for collateral on margin accounts and other transactions. A box is also called an open box. See also: Free box.

box

The physical location in which brokerage firms and banks place securities for safekeeping. See also free box, open box.
References in periodicals archive ?
In no other age or country was there ever so astonishing a display of human ingenuity: but watch-chains, necklaces and bracelets, buttons, buckles and snuff-boxes, are dearly purchased at the expense of health and morality; and if it be considered how large a proportion of that ingenuity is employed in making what is hurtful as well as what is useless, it must be confessed that human reason has more cause at present for humiliation than for triumph at Birmingham.