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