Vault Receipt


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.

BREAKING DOWN 'Vault Receipt'

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

  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. Approved Delivery Facility

    A facility authorized by an exchange to be used as a location ...
  4. Assay

    The process of analyzing a physical sample to determine its composition. ...
  5. Futures Contract

    A contractual agreement, generally made on the trading floor ...
  6. Cash Commodity

    In futures trading, the cash commodity is delivered for payments. ...
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