lockboxes financial definition of lockboxes. lockboxes finance term by the Free Online Dictionary.

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

A service that a bank provides in which is processes payments for a company. The company directs its customers to send payments to a lockbox at the bank, whose employees then collect the payments and deposit them directly into the company's account. A lockbox reduces time between the receipt and processing of payments, which can be beneficial for the company using the service. On the other hand, it opens the possibility of fraud by bank employees, who could theoretically steal the payments by taking the funds from the payments and not depositing them.

lockbox

(1) A special box placed on the door of homes listed for sale, with a key to the property inside the box.The box is accessed via a code or a key,available only to licensed real estate agents.

(2) An arrangement whereby customers of a business send their payments to a PO box which is actually controlled by the business's lender rather than the business.The lender takes all receipts, pays itself any loan payments and fees,and then remits the balance to the business.

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Concentration Account Concentration Service Concentration Services	While Whirlpool uses lockboxes in three states to handle most incoming payments, those that require special handling are diverted to a shared services center in Knoxville, Tenn. Digitizing remittances: companies can add payments and documents that ... by Gamble, Richard / Treasury & Risk There are two types of lockboxes used in real estate: mechanical lockboxes and electronic lockboxes. Real Estate Lockboxes by Donald Plunkett / Real estate industry community For example, a supplier of realtor lockboxes, SentriLock LLC, Cincinnati, knew it wanted to use diecasting as its manufacturing method, but before high volume production could start, the company needed a quick prototype to show at an upcoming conference and expo. Direct metal laser-sintering makes a speedy delivery by Modern Casting	Location Location Card location intelligence Location, Location, Location Location-Specific Advantage Location-Specific Advantages Locational Arbitrage locational obsolescence Locazione di capitale Locazione finanziaria Lock Lock Commitment Letter Lock In Lock Limit Lock Period Lock, Stock, and Barrel Lock-In Amendment lock-in clause lock-in period Lock-Jumper Lock-Out Lock-Up CD Lock-Up CDs Lock-Up Period lockbox lockboxes Lockdown Locked In Locked Limit Down Locked Limit Up Locked Market locked-in interest rate Locking the Loan Lockup Agreement Lockup Option Lockup Period Log-Linear Least-Squares Method Logarithmic Scale Logistique la chaine Lognormal Distribution Logo Loi Royer Lombard Credit Lombard Loan Lombard Rate Lombard Street Lome Convention London and New Zealand Futures Association London Bullion Market London Club London Cocoa Terminal Market	Lock-Up Agreement Lock-Up Agreements Lock-Up CD Lock-up CDs Lock-Up Certificate of Deposit Lock-Up Certificates of Deposit Lock-Up Defense Lock-Up Defenses Lock-up house lock-up option lock-up option Lock-Up Options Lock-up period Lock-Up Periods lock-up relay Lock-ups Lock-weir Lock/Write/Delete/Unlock lockable lockable lockable lockable lockable lockable Lockable Battery-Backed Random Access Memory lockage lockalloy lockband lockbox lockbox lockboxes lockdown lockdown lockdown Lockdown Sleeve lockdowns lockdowns lockdowns Locke Locke Locke Locke Liddell & Sapp Locke Lord Bissell & Liddell Locke's Best Effort Scheduling Algorithm Locke's solution Locke, Alain Le Roy Locke, Bessie Locke, David Rose Locke, David Ross Locke, John Locke, John Locke, John Locke, Joseph Locke, Joseph Lockean Lockean Lockean Lockeanism Lockeanism locked locked

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While Whirlpool uses lockboxes in three states to handle most incoming payments, those that require special handling are diverted to a shared services center in Knoxville, Tenn.

Digitizing remittances: companies can add payments and documents that ... by Gamble, Richard / Treasury & Risk

There are two types of lockboxes used in real estate: mechanical lockboxes and electronic lockboxes.

Real Estate Lockboxes by Donald Plunkett / Real estate industry community

For example, a supplier of realtor lockboxes, SentriLock LLC, Cincinnati, knew it wanted to use diecasting as its manufacturing method, but before high volume production could start, the company needed a quick prototype to show at an upcoming conference and expo.

Direct metal laser-sintering makes a speedy delivery by Modern Casting

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lockbox
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