Warehouse Receipt
What is it? Written evidence of goods held in a warehouse operated by a third party. The goods may be in a public (i.e., general), private, or field warehouse. Also known as collateral receipts. The receipts may be negotiable or non-negotiable. Negotiable warehouse receipts are bearer instruments. A negotiable warehouse receipt can be sold to a buyer who then owns the inventory covered by the receipt.Added By: Dylan
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