What is a Safe Deposit Box (Safety Deposit Box)?
A safe deposit box (safety deposit box) is in essence a type of safe which is used to store valuables (silver jewelry, share certificates, gold, silver, etc.) in groups inside a bank vault or private safe deposit vault. In a typical arrangement, a renter pays the bank / private safe deposit vault a fee for the use of the safe deposit box, which can be opened only after successfully passing various security tests (correct signature, correct key, correct code, etc.).