Vault Receipt

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DEFINITION of 'Vault Receipt'

A document frequently used as a delivery instrument to indicate ownership of precious metals stored in a bank, warehouse, or depository. Also known as warrant or warehouse receipt for metals.

INVESTOPEDIA EXPLAINS 'Vault Receipt'

Vault receipts indicate ownership of precious metal commodities certified for delivery upon futures contract.

RELATED TERMS
  1. Precious Metals

    A classification of metals that are considered to be rare and/or ...
  2. Commodity

    1. A basic good used in commerce that is interchangeable with ...
  3. Assay

    The process of analyzing a physical sample to determine its composition. ...
  4. Approved Delivery Facility

    A facility authorized by an exchange to be used as a location ...
  5. Delivery Instrument

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

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