A Lockbox Is A

question 29

Multiple Choice

A lockbox is a:

• A) special safe used for overnight storage of any cash or undeposited checks.
• B) special safe used that can only be opened at pre-specified times of the day.
• C) box located in a bank's vault that is rented and used to hold unprocessed checks.
• D) special post office box which can only be opened by pre-specified postal inspectors for direct delivery to the addressee.
• E) post office box strategically located so that a company's receivables can be collected faster.

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Definitions:

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