Definition of "Receipt"

  1. receiving something such as a cash payment.
  2. Written statement that something has been received such as cash, real property, or documents. The purchaser should always get a receipt. An example is the buyer of real estate getting a receipt for giving money to the seller as a down payment.

Comments for Receipt

Charles Thompkins Charles Thompkins said:

I lost my receipt when I brought my home how can I get other receipt bi payed cash

Jun 02, 2021  23:05:13

 
Real Estate Agent

Hey Charles! Thank you for reaching out to us. Regarding the receipt, you received when you purchased your home. Depending on how you purchased it, the fact that you paid cash should not make it impossible for you to find another copy of the receipt. Because real estate transactions deal with large sums of money, both parties should have proof of the transaction. The best way to get a copy is by contacting the other party involved in the purchase, the real estate agent if you used one, or any other third party that might be involved.

Jun 11, 2021  07:00:44
 
 
image of a real estate dictionary page

Have a question or comment?

We're here to help.

*** Your email address will remain confidential.
 

 

Popular Real Estate Terms

location where someone stays on a permanent basis. An example is a home to a family. ...

A correlation defines how two variables relate to one another. We can confirm a correlation if an alteration in one variable can change the other’s behavior. Using quantifiable data ...

Changes occurring in neighborhoods over time. The neighborhood life cycle includes the phases of birth, early growth, maturity, and decline. Not all neighborhoods pass through them more ...

Major lease in a structure that controls subleases. An example is a landlord and attorney entering into a main lease for the third floor offices of building. This lease takes precedence ...

A capitalization method which divides a properties first year net operating income by an estimated general capitalization rate to develop a total property estimate. ...

Grades have various definitions related to real estate and surveying land. Let’s have a look at the most common meanings of grades you’ll encounter in everyday life! Grades ...

Legal order for a person to present at a deposition or trial documents in his possession, such as related to a real estate transaction. ...

Tax-free status given to certain nonprofit organizations and governmental entities. Churches, charities, and government buildings do not pay property tax because of their tax-free status. ...

The legal description of property is a legal instrument to determine as best as one can, the physical boundaries and characteristics of a plot of land and the housing built on top of it. ...

Popular Real Estate Questions