| a receipt for goods placed in a warehouse. |
Warehouse Receipt
A receipt used in futures markets to guarantee the quantity and quality of a particular commodity being stored within an approved facility.
Investopedia Commentary
Rather than delivering the actual commodity, warehouse receipts are used to settle expiring futures contracts. Also referred to as a vault receipt, they are most often used when settling futures contracts that have precious metals as their underlying commodities.
See also: Approved Delivery Facility, Basis Grade, Delivery Date, Delivery Instrument, Expiration, Futures Contract, Precious Metal, Vault Receipt