warehouse receipt

warehouse receipt. A document evidencing title to goods stored with someone else; esp., a receipt issued by a person engaged in the business of storing goods for a fee. • A warehouse receipt, which is considered a document of title, may be a negotiable instrument and is often used for financing with inventory as security. See BAILMENT. [Cases: Warehousemen 11. C.J.S. Warehousemen and Safe Depositaries §§ 23, 26–29.]
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