Trust Receipt

Also found in: Financial, Acronyms

0.01 sec.

A document by which one individual lends money to purchase something and the borrower promises to hold the item for the benefit of the lender until such time as the debt is paid.

A trust receipt was a device used before the adoption of the Uniform Commercial Code (UCC); it is now governed by Article 9 of the UCC, which concerns Secured Transactions. A trust receipt stated that the buyer had possession of the goods for the benefit of the financier. Currently there ordinarily must be a security agreement, together with the filing of a financing statement, to protect a lender's interest in goods purchased on credit by a buyer.

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trust Uniform Commercial Code			The act allocates trust receipts and disbursements between principal and income (CPC secs. Unitrust provisions: trustees, advisers: be aware of changes to ... by Reggiardo, Sil / California CPA Taxable income of a trust includes trust receipts subject to income tax. Determining whether IRA distributions to a trust are income or ... by Moore, Philip E. / The Tax Adviser NY) floating-rate trust receipts series 2004 FR-L1 (liquidity facility: Lehman Brothers Holdings Inc. Fitch Revises Outlook to Negative On 361 Radian-Insured Issues -3 of ... by Business Wire			true to type truehearted trueness truism truly Truman, Harry S. trump trump up trump up a charge trumped up trumped up story trumped-up trumped-up charge trumped-up story trumpet truncare truncate truncheon trunk road Trupis est pars quae non convenit cum suo toto truss trust Trust Company Trust Deed trust fund Trust Receipt trust to chance trust to keep secret trust with trusted trustee trustee in bankruptcy Trustee process Trustee stealing money trustees Trustees of Dartmouth College v. Woodward trusteeship truster trustfulness Trusties trustiness trusting trustingly trustless trustor Trusts survive trustworthily trustworthiness trustworthy trusty truth			Trust Indenture Act Trust Indenture Act of 1939 Trust Indenture Act of 1939 Trust Information & Transaction Accounting Network Trust International Paper Corporation Trust Investment Bank Limited Trust Land Management Division Trust law Trust law Trust law Trust law Trust Letter Trust Letters Trust Management in Open Systems Trust Me Trust Me On This Trust me! Trust No One Trust of Property Trust of the lefts Trust Officers Association of the Philippines Trust Originated Preferred Security Trust Owned Life Insurance Trust preferred securities Trust preferred securities Trust preferred security Trust preferred security Trust Preferred Stock Unit Trust Preferred Stock Units Trust Property Management Trust Receipt Trust Receipts Trust Receipts Trust Region Aggressive Space Mapping trust relationship Trust Representing Involved Alabama Lawyers Trust Service Provider Trust Services Integration Kit Trust Share Trust Shares Trust system Trust Technology Assessment Program Trust Territories trust territory Trust Territory of the Pacific Islands Trust Territory of the Pacific Islands (Palau) Trust Territory of the Pacific Islands (Palau) Trust the Process Counselling Centre trust to trust to chance trust to do trust to keep secret Trust Under Will Trust Universe Comparison Service Trust Variable Valve Controller Trust Water Rights Program trust with trust with

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