A certificate issued by a depository, bank, or other company stating what has been deposited for safekeeping.
Safekeeping refers to the storage and protection of assets, valuables, or documents to ensure their security and proper management. It ranges from using a bank safe deposit box to utilizing services from financial institutions like banks and brokerage firms.
A warehouse receipt is a document that lists goods or commodities kept for safekeeping in a warehouse. It serves as proof of storage and can be used to transfer ownership of goods without delivering the physical commodities.
