A _______________________ is a post office box number controlled by the bank.
A) syndication
B) local
C) lockbox
D) maintenance box
E) microhedge

Question

Quizplus · Accepted Answer

A lockbox is a post office box controlled by the bank where a company's customers can send payments. The bank then collects the payments and deposits them directly into the company's account. This can help streamline the payment process and improve cash flow for the company.

A _______________________ Is a Post Office Box Number Controlled by the Bank