document listing goods or commodities (e.g., gold) stored in a warehouse that shows retention of title to the goods. Warehouse receipts may be negotiable or non-negotiable. Negotiable receipts allow transfer without endorsement and may act as a security for a loan. Non-negotiable receipts must be endorsed upon transfer. Warehouse receipts, regulated by the Uniform Warehouse Receipts Act, allow the sale of goods without having to physically deliver them.
document giving proof of ownership of goods held in inventory, for example, unfinished goods temporarily stored in a field warehouse by a manufacturer. The receipt is a title document for its holder and may be either negotiable or nonnegotiable. Anegotiable warehouse receipt is deliverable to the bearer or to another party named; a nonnegotiable receipt specifies to whom the stored goods are deliverable. Most warehouse receipts are issued in negotiable form, making them eligible as collateral for working capital loans from a bank.
document listing goods or commodities kept for safekeeping in a warehouse. The receipt can be used to transfer ownership of that commodity, instead of having to deliver the physical commodity.
document listing goods or commodities kept for safekeeping in a warehouse. The receipt can be used to transfer ownership of that commodity, instead of having to deliver the physical commodity. Warehouse receipts are used with many commodities, particularly precious metals like gold, silver, and platinum, which must be safeguarded against theft.
