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.]
[Blacks Law 8th]