Lockbox, Locked In

Lockbox, Locked In :

Lockbox : a post office box that accumulates all the receivables sent to it : all the invoices are listed with the box numbers so as to indicate the address to which the payment should be sent for providing a centralised drop for a company having facilities at more than one location or to improve the efficiency of processing, the receivables from the rest of the mail are separated that deals in the sale of its accounts receivables and does not want to disclose its names. It acts as a collection centre of such a company's payments. The financial institution that has granted loan to a company against its account receivables can acquire the company’s lockbox and can inform the company and credit its account on receiving the payments

Locked In : that whose changing is unlikely under the present situation, as the buyer’s dependency on a seller due to his ability to supply or an agreement, whose all points of contention have been resolved


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