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It's the same as a fuse box. Sort of. The electric service panel used to be called the fuse box, fuse panel,  circuit breaker panel, or any number of other terms. Today, most homes have what we call the electrical service panel, or simply, the service panel. It's not literally the same thing, but it does provide the same function.
Electrical junction box in the process of installation. Electrical conduits terminate at the sides and cables pass through or are joined inside the box. A metal junction box Australian Internal Surface Mounted Junction Box - showing wiring stages. An electrical junction box is an enclosure housing electrical connections, to protect the connections and provide a safety barrier. Construction. A small metal or plastic junction box may form part of an electrical conduit or thermoplastic-sheathed cable (TPS) wiring system in a building.