safe deposit box
Definition
Strong storage container maintained in the vault area of a bank and rented to bank customers for safekeeping of valuables. These boxes are said to be impervious to fire, flood, and theft, and their contents are covered by the bank's insurer. Access to individual boxes is secured through two different keys: one kept by the customer, the other by the bank.
safe deposit box is in the Banking, Commerce & Finance subject.
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