noun “lockbox”
singular lockbox, plural lockboxes
- a box with a built-in lock, used to keep valuables safe
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She kept her important documents in a lockbox hidden under her bed.
- (in real estate) a small box that holds keys to a property, accessed with a code, allowing agents to show the property
The realtor entered the code to open the lockbox and retrieve the house keys.
- (in banking) a service offered by banks to process payments on behalf of a company
The business used a lockbox service to expedite the collection of customer checks.