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BusinessDictionary.com
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.
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