DEFINITION of 'Receipt'

A written acknowledgment that something of value has been transferred from one party to another. In addition to the receipts consumers typically receive from vendors and service providers, receipts are also issued in business-to-business dealings, as well as stock market transactions. For example, the holder of a futures contact is generally given a delivery instrument, which acts as a receipt, in that it can be exchanged for the underlying asset when the future contract expires.


In addition to showing ownership, receipts can also be important for other reasons. For instance, many retailers insist that a customer have a receipt to exchange or return items purchased from them, while others demand that a receipt - generally issued within a certain timeframe - be produced for product warranty purposes. Receipts can also be important for tax purposes.

  1. Delivery Risk

    The risk that a counterparty in a transaction may not be able ...
  2. Cash Settlement

    A settlement method used in certain future and option contracts ...
  3. Current Delivery

    A type of futures contract that requires the delivery of the ...
  4. Delivery

    The action by which an underlying commodity, security, cash value, ...
  5. Delivery Instrument

    A document given to the holder of a futures contact that may ...
  6. Futures

    A financial contract obligating the buyer to purchase an asset ...
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