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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  1. Do hedge funds invest in commodities?

    There are several hedge funds that invest in commodities. Many hedge funds have broad macroeconomic strategies and invest ... Read Full Answer >>
  2. Can mutual funds invest in options and futures?

    Mutual funds invest in not only stocks and fixed-income securities but also options and futures. There exists a separate ... Read Full Answer >>
  3. How do futures contracts roll over?

    Traders roll over futures contracts to switch from the front month contract that is close to expiration to another contract ... Read Full Answer >>
  4. Why do companies enter into futures contracts?

    Different types of companies may enter into futures contracts for different purposes. The most common reason is to hedge ... Read Full Answer >>
  5. What does a futures contract cost?

    The value of a futures contract is derived from the cash value of the underlying asset. While a futures contract may have ... Read Full Answer >>
  6. How can an investor profit from a fall in the utilities sector?

    The utilities sector exhibits a high degree of stability compared to the broader market. This makes it best-suited for buy-and-hold ... Read Full Answer >>

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