Documentation to support that ownership of a trust is held by the bank but can be used as collateral to purchase new investments.
Related information about trust receipt:
- Trust Receipt Definition | Investopedia
In an arrangement involving a trust receipt, the bank remains the owner of the merchandise, but the buyer is allowed to hold the merchandise in trust for the bank ...
- Trust Receipt - Legal Dictionary - The Free Dictionary
A document by which one individual lends money to purchase something and the borrower promises to hold the item for the benefit of the lender until such time ...
- What is trust receipt? definition and meaning
Definition of trust receipt: Asset based financing: Method used for funding purchase of inventories of consumer durables (appliances, automobiles), construction ...
- A Trust Receipt Transaction: I - The Fordham Law School ...
In its humble way, the trust receipt transaction assists the uninter- rupted transit ... The trust receipt transaction is a device for furnishing security when goods are ...
- Trust Receipt/Import Invoice Financing - UOB
This document is for information only and is designed to provide you with a general description of the trade products and services in Singapore. The information ...
- Trust Receipt: Definition from Answers.com
Trust Receipt 1. Written agreement used extensively in letter of credit financing, often extended to a buyer or other importer of goods.
- What Is a Trust Receipt?
A trust receipt is a written legal document between a bank and a person borrowing from the bank stating that the bank will give...
- The Trust Receipt
Once the importer's application for Trust Receipt facilities has been approved by the bank, a Trust Receipt Agreement and/or Letter of Hypothecation will be ...