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TeachMeFinance.com - explain Warehouse Receipt Warehouse Receipt -- A document issued by a warehouse listing the goods or commodities deposited in the warehouse. It is a receipt for the commodities listed, and for which the warehouse is the bailee. Warehouse receipts may be either non-negotiable or negotiable.
Warehouse receipt -- A receipt for goods placed in a warehouse. It is assignable and the transfer of it completes the delivery of the property represented by it. Copyright © 2005 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer. |