safe deposit box

safe-deposit box. A lockbox stored in a bank’s vault to secure a customer’s valuables. • It usu. takes two keys (one held by the bank and one held by the customer) to open the box. — Often shortened to deposit box. — Also termed safety-deposit box. [Cases: Warehousemen 38. C.J.S. Warehousemen and Safe Depositaries § 137.]
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