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

Payments made to enhance the appearance and conditions of real estate property. In so doing, the market value of the property should increase. Examples of renovation costs are siding, ...

Unexpected growth in an urban locality. ...

Simulation that enables investors to determine variations in the rate of return on an investment property in accordance with changes in a critical factor. It is an experiment with decision ...

Document describing the benefits and provisions for people or businesses covered by group insurance. Document in life and health insurance issued to a member of a group insurance plan ...

Loan that combines smaller loans into one larger loan and typically arises from refinancing debt. It typically results in a lower overall interest rate, longer payment schedule, and lower ...

Federal agency providing home financing to qualified people in low-income, rural areas. ...

Opening in the wall of a structure to let in air and light. ...

Individual who will receive an inheritance upon the death of another. The proceeds of an insurance policy may be in a lump sum annuity. Real estate also passes to the beneficiary. ...

Difference between cash revenue less cash expenses before taxes associated with rental property or a real estate investment. ...

Popular Real Estate Questions