Legal Definitions - safe-deposit box

A safe-deposit box is a secure container stored in a bank's vault to protect a customer's valuable items. It typically requires two keys to open, one held by the bank and the other held by the customer.

Examples of items that can be stored in a safe-deposit box include:

• Jewelry
• Important documents (such as passports, wills, and deeds)
• Cash
• Collectibles

These examples illustrate the definition of a safe-deposit box because they are all valuable items that a person may want to keep secure. By storing them in a safe-deposit box, the customer can have peace of mind knowing that their items are protected from theft, fire, or other disasters.