Meaning 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
More terms such as Lockbox in Dictionary L.
- Definition Less-Developed Countries (LDCs):
- Examples Also known as emerging markets. Countries who's per capita GDP is below a World Bank-determined level lockbox definition.
- Definition Layup:
- Examples Used in the context of general equities. Easily executed trade or order. See: Lead pipe lockbox explain.
- Definition Leaves:
- Examples of general equities. Remains to buy or sell of a previously entered order after a report of partial execution has been given. If the floor broker to buy 20M IBM at $115, and he then buys 6M at this lockbox what is.
- Definition London Interbank Offered Rate (LIBOR):
- Examples interest that major international banks in London charge each other for borrowings. Many variable interest rates in the U.S. are based on spreads off LIBOR. By contrast with the bid rate LIBID quoted lockbox meaning.
- Definition Lending Agreement:
- Examples A contract regarding funds transferred between a lender and a borrower lockbox abbreviation.
