Definitions for "Trust Receipt"
Receipt for goods that are to be held in trust for the lender.
Is used domestically in connection with the purchase of household equipment and automobiles by dealers from their manufacturers. The manufacturer receives an order from the buyer, ships the goods, and forwards the bill of lading and other documents to the bank for payment. At that time, the seller ceases its part of the transaction. The buyer than issues a trust receipt to the bank, and the bank releases the documents the buyer needs to claim the goods.
An instrument issued by a trustee acknowledging that it holds an item in trust for the holder of the receipt.
Keywords:  twenty, target, zone, arrangement, bond
Twenty bond index Target zone arrangement