|
Definition of Lockbox system - Finance dictionary
|
Lockbox system (See Chapters 47 of the Vernimmen)
The lockbox system is a Cash management technique. Under a lockbox system, the creditor asks its debtors to send their payments directly to a post office box that is emptied regularly by the creditor's bank. The funds are immediately paid into the banking system, without first being processed by the creditor's accounting department.
Lockbox system (See Chapters 47 of the Vernimmen)
The lockbox system is a Cash management technique. Under a lockbox system, the creditor asks its debtors to send their payments directly to a post office box that is emptied regularly by the creditor's bank. The funds are immediately paid into the banking system, without first being processed by the creditor's accounting department.
See
all terms in the dictionary of finance
|
|
|
|
You get more than just a glossary
on www.vernimmen.com:
- A monthly newsletter with over 60,000
subscribers
- 610,000 financial data for over 16,000
groups
- A 279-question quiz with answers
- A text book that has
sold 130,000 copies
- And all the rest |
To find other words in the
dictionary of finance, click on the first letter of the word you are looking
for:
A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Y
Z
Definitions of terms begining
with the same letter as "Lockbox system"
:
L/C
LBO
LBU
LIBOR, London Interbank Offered Rate
LIFFE, Liffe
LIFO, Last in, first out
LMBO
LOI
LSP
LYON, Liquid Yield Option Notes
Laddering
Large cap
Last in, first out
Last trading day
Lead
Lead arranger
Lead bank
Lead manager
Lease
Leasing
Legal merger
Lender of last resort
Lending facility
Lessee
Lessor
|
Letter of comfort
Letter of credit, L/C
Letter of intent, LOI
Level of control
Level of ownership
Leverage
Leverage effect
Leveraged build-up, LBU
Leveraged buy-out, LBO
Leveraged lease
Leveraged management buy-out
Leveraged recapitalisation
Leveraged share buyback
Levered beta
Levered cost of equity
Liabilities
Life of the bond
Life of the loan
Lifecycle of financing sources
Limited share partnerships, LSP
Liquidated damages
Liquidation
Liquidator
Liquidity - assets
Liquidity - balance sheet
|
Liquidity - investments
Liquidity - liabilities
Liquidity - security
Liquidity discount
Liquidity event
Liquidity facility
Liquidity line
Liquidity preference theory
Liquidity premium
Liquidity ratios
Liquidity risk - company
Liquidity risk - market
Listed security
Listing
Loan cancellation
Loan to value
Lock up period
Lockbox system
Locking in future prices or rates
London Interbank Offered Rate
Long (position)
Lookback option
Loss Ratio
Loss rate
Ltv
|
Lockbox system (See Chapters 47 of the Vernimmen)
The lockbox system is a Cash management technique. Under a lockbox system, the creditor asks its debtors to send their payments directly to a post office box that is emptied regularly by the creditor's bank. The funds are immediately paid into the banking system, without first being processed by the creditor's accounting department.
|
|
