About us Privacy Disclaimer Contact us
Home FAQ Advertising Feedback

  You are here: Home > Business terms > Lockbox

Term: Accounting -> Lockbox
Term:

Lockbox

Definition:

Also called a bank lockbox. A system used to speed the availability of funds from cash collections by reducing the time from the customer mailing the check until the funds are available to spend. Remittances are sent to a bank near the customer and the bank deposits funds speedily to the payee's account.

Related terms:

Fund Accounting

Reappropriation
Useful articles:
»Effective methods of doing business online!
»Top 10 Controversial Lies About MLM
»Customers Expect More
»12 Tips for Using Postcards to Build Your Business


Car Cost Compare
Hidden expenses
Phone Bill


Browse by categories
Accounting
Advertising
Banking
Bankruptcy
E-Commerce
Economics
Finance
Law
Investment
Insurance
Marketing
Real estate
Statistic
Trade
Purchasing


ABCDEFGHIJKLMNOPQRSTUVWXYZ

Business terms

Accounting

Advertising

Banking

Bankruptcy

E-Commerce

Economics

Finance

Law

Investment

Insurance

Marketing

Real estate

Statistic

Trade

Purchasing

Business Articles

Business calculators

  Disclaimer | Privacy | Terms of useCopyright © 2004 Business-terms.net