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Trust Receipt

Home Shipping Terms & Glossary Trust Receipt
May 6, 2025 0 comments by Christopher Hardwick

Release of merchandise by a bank to a buyer in which the bank retains title of the merchandise. The buyer, who obtains the goods for manufacturing or sales purposes, is obligated to maintain the goods (or the proceeds from their sale) distinct from the remainder of his or her assets and to hold them ready for repossession by the bank.

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