warehouse receipt

Definition

Document guaranteeing the existence and availability of a given quantity and quality of a commodity in storage for safekeeping; often used in cash and futures transactions instead of having to deliver the physical goods or commodities.

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Related Terms

receipt -

commodity paper -

Related Terms on BusinessDictionary

commodity paper
delivery notice

document of title

Popular 'Futures' Terms

security
commodity
derivative
risk
securities

intrinsic value
purchase
futures
outstanding
forward contract

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Warren Buffett