warehouse receipt

In the most simple sense, an instrument importing that the goods of a named person are in the hands of a named warehouseman. Union Trust Co. v Wilson, 198 US 530, 49 L Ed 1154, 25 S Ct 766. A receipt issued by a person engaged in the business of storing goods for hire. UCC § 1-201(45). A written contract between the owner of goods and a warehouseman under which the latter agrees to store the goods and the former to pay for the storage. Sinsheimer v Whitely, 111 Cal 378, 43 P 1109. In a more formal and elaborate character, a symbolic representation of the stored property itself; a document of title to goods. Uniform Sales Act § 76; 56 Am J1st Wareh § 29.

Ballentine's law dictionary. . 1998.

Look at other dictionaries:

  • warehouse receipt — ware·house receipt n: a receipt issued by a person engaged in the business of storage for hire that constitutes a document of title Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. warehouse receipt …   Law dictionary

  • warehouse receipt — Document guaranteeing the existence and availability of a given quantity and quality of a commodity in storage; commonly used as the instrument of transfer of ownership in both cash and futures transactions. Chicago Board of Trade glossary… …   Financial and business terms

  • Warehouse receipt — A warehouse receipt is a document that provides proof of ownership of commodities (e.g., bars of copper) that are stored in a warehouse, vault, or depository for safekeeping. Warehouse receipts may be negotiable or non negotiable. Negotiable… …   Wikipedia

  • Warehouse receipt — Evidence that a firm owns goods stored in a warehouse. The New York Times Financial Glossary * * * warehouse receipt warehouse receipt ➔ receipt1 * * * warehouse receipt UK US noun [C] (also warehouse warrant) ► COMMERCE …   Financial and business terms

  • Warehouse Receipt — A receipt used in futures markets to guarantee the quantity and quality of a particular commodity being stored within an approved facility. Rather than delivering the actual commodity, warehouse receipts are used to settle expiring futures… …   Investment dictionary

  • warehouse receipt — noun : a receipt that constitutes a document of title and is issued by a warehouseman engaged in the business of storage for hire * * * a receipt for goods placed in a warehouse. [1885 90] …   Useful english dictionary

  • warehouse receipt — a receipt for goods placed in a warehouse. [1885 90] * * * …   Universalium

  • holder of warehouse receipt — A person who has both actual possession of, and a right of property in, a warehouse receipt. Uniform Warehouse Receipts Act § 58. The person in possession of a document of title which is a warehouse receipt. UCC § 1 201(5) …   Ballentine's law dictionary

  • depository or warehouse receipt — A document issued by a bank, warehouse or other depository indicating ownership of a stored commodity. Chicago Mercantile Exchange Glossary …   Financial and business terms

  • field warehouse receipt — Document issued by warehouseman evidencing receipt of goods which have been stored. Such may be used as collateral for loans. See also field warehousing warehouse receipt …   Black's law dictionary

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