Trust receipt


Trust receipt
Receipt for goods that are to be held in trust for the lender. The New York Times Financial Glossary

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trust receipt UK US noun [C] LAW, FINANCE
an arrangement in which a bank lends to a business so that it can buy equipment or goods, but the bank is the legal owner of the equipment, etc. and can sell it if the business cannot pay back the loan

Financial and business terms. 2012.