What is RECEIPT?

A receipt is the written acknowledgment of the receipt of money, or a thing of value, without containing any affirmative obligation upon either party to it; a mere admission of a fact, in writing. Krutz v. Craig, 53 Ind. 574. A receipt may be defined to be such a written acknowledgment by one person of his having received money from another as will be prima facie evidence of that fact in a court of law. Kegg v. State, 10 Ohio. 75. Also the act or transaction of accepting or taking anything delivered. In old practice. Admission of a party to defend a suit, as of a wife on default of the husband in certain cases. Litt.

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