vault |
|
Definition
An area, usually found in a bank or other financial institution, which is a safe and secure place for storing items of value. Bank vaults must meet a series of safety regulations, created by the Federal Reserve Board. Vaults are usually used to store cash, as well as customers' safe deposit boxes.
email to a friend
print this definition
cite this definition
link to this page
vault is in the Banking, Commerce & Finance subject.
vault appears in the definitions of the following terms: safe deposit box, total reserves, safekeeping, physical safeguard and monetary base
vault appears in these other terms: data vaulting, electronic vaulting
This content can be found on the following page:
http://www.businessdictionary.com/definition/vault.html