Receipt

What is a 'Receipt'

A receipt is 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.

BREAKING DOWN 'Receipt'

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.

RELATED TERMS
  1. Gross Receipts

    A tax term relating to the total business revenue from services ...
  2. Custodial Receipt

    A receipt representing a security held by a custodian or transfer ...
  3. Warehouse Receipt

    A receipt used in futures markets to guarantee the quantity and ...
  4. Treasury Receipt

    A zero-coupon bond that doesn't pay interest at regular intervals ...
  5. Conditional Binding Receipt

    A receipt involved in life, health and certain property insurance ...
  6. Domestic Box Office Receipt (DBOR) ...

    Futures contracts based on movie receipts at the box-office. ...
Related Articles
  1. Budgeting

    Keeping Your Receipts

    When is it a good idea to keep receipts? Here are 6 good reasons why it's worth the trouble, tips on which ones to keep and easy ways to make it happen.
  2. Personal Finance

    10 Retailers With Incredibly Flexible Return Policies

    You may not always know what to buy for some people on you gift list, but at least you can make sure the gift is easy to return.
  3. Personal Finance

    A Guide To Returning Christmas Gifts

    The Christmas season can be stressful, but returning unwanted gifts can be even more stressful. Here are some tips to help you avoid the stress.
  4. Economics

    What Does Business-to-Business Mean?

    The term business-to-business refers to transactions or communication that takes place between two or more businesses.
  5. Investing Basics

    Investing in Foreign Stocks: ADRs and GDRs

    Depositary Receipts are easy ways to invest in foreign stocks, regardless of what part of the world you live in.
  6. Budgeting

    When Using a Money Order Makes Sense

    Money orders are usually the least expensive way to send "cleared" funds to pay a bill (or traffic ticket). Here's how they work and what to watch out for.
  7. Taxes

    Personal Income Tax Guide: Documentation And Records

    By Ken ClarkIf "location, location, location" is the most important rule in real estate, then "documentation, documentation, documentation" is by far the most important rule in taxes. Without ...
  8. Investing News

    The 8 Highest Grossing Movies of 2015

    Count down the most popular films at the American box office in 2015, and learn how much they earned in the domestic and worldwide markets.
  9. Taxes

    Tips To Make Next Year’s Taxes Less Stressful

    A bit of preparation can make next year’s taxes easier to handle.
  10. Mutual Funds & ETFs

    4 Ways You Can Invest In Gold Without Holding It

    Owning gold can be a store of value and a hedge against unexpected inflation. Holding physical gold, however, can be cumbersome and costly. Fortunately, there are several ways to own gold without ...
RELATED FAQS
  1. What are the differences between global depositary receipts (GDRs) and American depositary ...

    Discover some of the similarities and differences between global depositary receipts and American depositary receipts, and ... Read Answer >>
  2. What is the difference between a bill of exchange and a bill of lading?

    Understand what a bill of exchange and a bill of lading are and the different purposes they each serve as documents used ... Read Answer >>
  3. How does a depository bank benefit from issuing an ADR for a foreign company for ...

    For domestic investors the benefits of increasing the portion of their portfolio that they invest in foreign companies is ... Read Answer >>
  4. Why would an investor want to hold an American Depository Receipt rather than the ...

    Learn about the advantages for investors of using American Depositary Receipts instead of investing directly in the underlying ... Read Answer >>
  5. How are American Depository Receipts (ADRs) exchanged?

    Learn specifics about American depositary receipts, including how they are exchanged and some of their advantages and disadvantages. Read Answer >>
  6. How are American Depository Receipts (ADRs) priced?

    Understand what American depositary receipts are and how they work, including how the price of ADRs is determined by the ... Read Answer >>
Hot Definitions
  1. Over-The-Counter - OTC

    Over-The-Counter (or OTC) is a security traded in some context other than on a formal exchange such as the NYSE, TSX, AMEX, ...
  2. Quarter - Q1, Q2, Q3, Q4

    A three-month period on a financial calendar that acts as a basis for the reporting of earnings and the paying of dividends.
  3. Weighted Average Cost Of Capital - WACC

    Weighted average cost of capital (WACC) is a calculation of a firm's cost of capital in which each category of capital is ...
  4. Basis Point (BPS)

    A unit that is equal to 1/100th of 1%, and is used to denote the change in a financial instrument. The basis point is commonly ...
  5. Sharing Economy

    An economic model in which individuals are able to borrow or rent assets owned by someone else.
  6. Unlevered Beta

    A type of metric that compares the risk of an unlevered company to the risk of the market. The unlevered beta is the beta ...
Trading Center