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safe-deposit box

 
Dictionary: safe-de·pos·it box   (sāf'dĭ-pŏz'ĭt)
n.
A fireproof metal box, usually in a bank vault, for the safe storage of valuables.


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Banking Dictionary: Safe Deposit Box
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Storage facility maintained in the vault area of a bank that is rented to customers for Safekeeping of personal valuables. Access to a safe deposit box is controlled through dual keys, one kept by the customer and one by the bank, and signature cards. Date of entry is recorded on a signature card. If the safe deposit box is rented by a corporation, a separate corporate resolution must be obtained before access is granted. Safe deposit box contracts usually contain a disclaimer limiting the bank's liability to the bank's failure to provide adequate protection facilities. A bank ordinarily is not responsible for loss of personal valuables, and has no knowledge of the contents of a safe deposit box. See also Dual Control; Signature Card.

WordNet: safe-deposit box
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Note: click on a word meaning below to see its connections and related words.

The noun has one meaning:

Meaning #1: a fireproof metal strongbox (usually in a bank) for storing valuables
  Synonyms: safe-deposit, safety-deposit, safety deposit box, deposit box, lockbox


Wikipedia: Safe deposit box
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Safe deposit boxes inside a Swiss bank.

A safe deposit box (also called a safety deposit box[1]) is a type of safe usually located in groups inside a bank vault or in the back of a bank or post office. It usually holds things such as valuable gemstones, precious metals, currency, or important documents such as wills or property deeds that a person might feel afraid to leave at home due to fear of theft, fire, flood, tampering or other reasons. In the typical arrangement, a renter pays the bank a fee for the use of the box, which can be opened only with production of the assigned key, the bank's guard key, the proper signature, or perhaps a code of some sort. Additionally, some banks are using biometric dual-control security to complement the already increased security procedures.

References

  1. ^ Brians, Paul. (2007). Washington State University Common Errors in English: Safety Deposit Box, retrieved on 2009-02-15.

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Copyrights:

Dictionary. The American Heritage® Dictionary of the English Language, Fourth Edition Copyright © 2007, 2000 by Houghton Mifflin Company. Updated in 2009. Published by Houghton Mifflin Company. All rights reserved.  Read more
Banking Dictionary. Dictionary of Banking Terms. Copyright © 2006 by Barron's Educational Series, Inc. All rights reserved.  Read more
WordNet. WordNet 1.7.1 Copyright © 2001 by Princeton University. All rights reserved.  Read more
Wikipedia. This article is licensed under the Creative Commons Attribution/Share-Alike License. It uses material from the Wikipedia article "Safe deposit box" Read more