„Trust Receipt“

A written declaration by a customer to a bank that ownership in goods released by the bank is retained by the bank, and that the client has received the goods in trust only. Such a trust receipt may be is given by the customer to the bank to induce the bank to issue a letter of indemnity to a carrier to release a shipment.

Source:

Eun, Cheol S., and Bruce G. Resnick. “International Financial Management”. 7th Edition. McGraw-Hill Education, New York, 2015.