Trust receipt

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Trust receipt

Receipt for goods that are to be held in trust for the lender.

Trust Receipt

An acknowledgment that goods intended to be held in a trust have been duly received.
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The LOCs supporting the trust receipts deposited in the trusts expire as follows: April 1, 2021 for the Series E-110 and June 1, 2023 for the Series E-111, unless such dates are extended or earlier terminated.
The SBL may be increased by an additional 10% provided that the additional liabilities are adequately secured by trust receipts, shipping documents, warehouse receipts and similar documents.
Marquez said the budget for the construction of the building, which will rise at the former site of the PNP's Internal Affairs Service building that burned down in June, will come from the trust receipts of licensed gun owners.
Topics covered included introduction to various instruments of trade finance, including import letter of credit, letter of guarantee loans against trust receipts, and other advances against local bills discounts, government supply bill discounting and export credit to name a few.
Topics to be covered include introduction to various methods of trade finance, including import letter of credit, letter of guarantee loans against trust receipts, and other advances against local bills discounts, government supply bill discounting, export credit etc.
The approval of Credit Agencies is an activity vested on the Director of Commerce for well over 60 years, by the Mortgage Act No 06 of 1949, the Trust Receipts Ordinance 12 of 1947 and the Inland Trust Receipts Act No 14 of 1990.
ADCBs Trade finance product suite include letters of credit, letters of guarantee, confirmation of documentation credits and documentary credit collection, receivables financing and trust receipts.
Furthermore, the accused admitted lending money on Islamic profit basis used in Islamic banks, charging profit rates between four and six per cent, and collect cheques or trust receipts as a security.
Goods are released to the importer under trust receipts, meaning that the importer can use the goods immediately, but they belong to the bank until the importer settles the loan.
The notes are payable from the proceeds of a new regional mobility tax and other aid trust receipts, as well as from a range of other revenue sources the authority can use.
The act allocates trust receipts and disbursements between principal and income (CPC secs.
The Service agreed, because the trust agreement gave the trustee broad discretion to allocate trust receipts between principal and income, and corporate distributions exceeding 20% of corporate assets were allocated to principal under state law.