document of title

Definition of "document of title"
  1. A paper, such as a warehouse receipt, issued or addressed to a person temporarily in control of goods (bailee), understood in normal business operations to indicate that the holder of this document has the right to receive, keep, and distribute the goods it refers to
How to use "document of title" in a sentence
  1. The shipping company presented the document of title to prove their right to hold and distribute the imported goods.
  2. After finalizing the warehouse storage agreement, a document of title was issued to the bailee as an evidence of their authority over the goods.
  3. The authenticity of the document of title was checked meticulously before the goods were transferred.

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