| 词汇 | trust-receipt |
| 释义 | trust receipt noun[ C ] LAW, FINANCEukus an arrangement in which a bank lends to a business so that it can buy equipment or goods, but the bank is the legal owner of the equipment, etc. and can sell it if the business cannot pay back the loan Examples of trust receipttrust receipt Personal property can often be secured with similar kind of device, variously called a chattel mortgage, trustreceipt, or security interest. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. Such financing was called trust receipts, where the merchant would hold the goods in trust for the banks. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors. |
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