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A lockbox or lock box refers to a box, container or otherwise enclosed space with a built-in lock. Examples include: Physical storage.
In banking, a lockbox is a service offered to organizations by commercial banks to simplify collection and processing of accounts receivable by having those organizations' customers' payments mailed directly to a location accessible by the bank.
A realtor lock box hanging on the doorknob of a house for sale. A real-estate lock box is a padlock-shaped box that generally hangs around the doorknob of a house that is on the market. The device holds the keys to a house to allow communal access for all real estate agents, while continuing to keep them secure. [1]
Safe deposit boxes inside a Swiss bank. Safe deposit vault in Joplin, Missouri after the 2011 Joplin tornado, remaining intact despite the destruction of the bank that housed it.
The term "warded lock" refers to the lock mechanism, while the term "mortise lock" refers to the bolt location. Warded locks contain a series of static obstructions, or wards, within the lock box; only a key with cutouts to match the obstructions will be able to turn freely in the lock and open the latch. [4]
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