Safe deposit box

Safe deposit box

A safe deposit box (sometimes incorrectly called a safety deposit box) is a type of safe usually located in groups inside a bank vault or in the back of a bank or post office. It usually holds things such as valuable gemstones, precious metals, currency, or important documents such as wills or property deeds that a person might feel afraid to leave at home due to fear of theft, fire, flood, tampering or other reasons. In the typical arrangement, a renter pays the bank a fee for the use of the box, which can be opened only with production of the assigned key, the bank's guard key, the proper signature, or perhaps a code of some sort. Additionally, some banks are using biometric dual control security to complement the already increased security procedures.

ee also

*Numbered bank account
*Swiss bank


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  • safe deposit box — ˈsafe deposit box [safe deposit box] (also ˈsafety deposit box) noun a metal box for storing valuable things, usually kept in a special room at a bank See also: ↑safety deposit box …   Useful english dictionary

  • safe deposit box — safe deposit boxes also safe deposit box N COUNT A safe deposit box is a small box, usually kept in a special room in a bank, in which you can store valuable objects …   English dictionary

  • safe deposit box — UK US noun [C] (also safety deposit box) BANKING ► a locked box in a bank, etc. in which money, documents, and other valuable items can be stored: »Macdonald put the money in a safe deposit box in a Montreal bank …   Financial and business terms

  • safe-deposit box — ˈsafe deˌposit ˌbox noun [countable] BANKING a small box used for storing valuable objects, usually kept in a special room in a bank …   Financial and business terms

  • safe-deposit box — safe deposit .box n a ↑safety deposit box …   Dictionary of contemporary English

  • safe deposit box — index coffer Burton s Legal Thesaurus. William C. Burton. 2006 …   Law dictionary

  • safe-deposit box — index depository Burton s Legal Thesaurus. William C. Burton. 2006 …   Law dictionary

  • safe-deposit box — noun a fireproof metal strongbox (usually in a bank) for storing valuables • Syn: ↑safe deposit, ↑safety deposit, ↑safety deposit box, ↑deposit box, ↑lockbox • Hypernyms: ↑strongbox, ↑deedbox …   Useful english dictionary

  • Safe Deposit Box — A box usually located inside a bank which is used to store valuables. A safe deposit box is rented from the institution and can be accessed with keys, pin numbers or some other security pass. Valuables such as documents and jewelry are placed… …   Investment dictionary

  • safe-deposit box — UK / US noun [countable] Word forms safe deposit box : singular safe deposit box plural safe deposit boxes mainly American a safety deposit box …   English dictionary

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