Safe Deposit Box
/ˌseɪf dɪˈpɒzɪt bɒks/
Definitions
- (n.) A secure container, usually located in a bank or financial institution, rented to individuals or entities for the safe storage of valuables and important documents.
She stored her will and jewelry in a safe deposit box at the local bank.
Forms
- safe deposit boxes
Related terms
See also
Commentary
Safe deposit boxes involve a bailment relationship where the institution safeguards the contents but typically does not guarantee against loss.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.