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document of title.A written description, identification, or declaration of goods authorizing the holder  (usu.  a  bailee)  to  receive,  hold,  and  dispose  of  the  document  and  the  goods  it  covers.  • Documents of title, such as bills of lading, warehouse receipts, and delivery orders, are generally governed by Article 7 of the UCC. See BAILMENT(1)–(3). [Cases:…

documentary-stamp transfer tax.See stamp tax under TAX. [Blacks Law 8th]

documentary stamp.A stamp required to be affixed to a deed or other instrument before it is recorded. [Blacks Law 8th]

documentary sale.See SALE. [Blacks Law 8th]

documentary-originals rule.See BEST-EVIDENCE RULE. [Blacks Law 8th]

documentary letter of credit.See LETTER OF CREDIT. [Blacks Law 8th]

documentary instruction.A written agreement between an importer and exporter covering the relegation of various documents relating to the shipment and disposition of goods. [Blacks Law 8th]

documentary evidence.See EVIDENCE. [Blacks Law 8th]

documentary draft.See DRAFT. [Blacks Law 8th]

documentary credit. 1. Credit extended on a document of title or any other legal document. 2. A financing arrangement in which a financial institution authorizes or makes a payment to a third party (usu. an exporter) at a customer’s request. • This financing method facilitates international transactions by providing the importer with necessary credit and…