Warehouse Receipt
From Open Risk Manual
Definition
Warehouse Receipt. It is a document that provides proof of ownership of commodities or products that are stored in a warehouse, vault, or depository for safekeeping. Warehouse receipts may be negotiable or non-negotiable. Negotiable warehouse receipts allow transfer of ownership of that commodity without having to deliver the physical commodity or products. The status of and then nature and scope of the obligations, arising under a warehouse receipt or its equivalent, varies according to the jurisdiction.
