Actual Receipt
/ˈæk.tʃu.əl rɪˈsit/
Definitions
- (n.) The tangible and physical receipt or taking possession of something, especially documents or payment, as distinguished from constructive or deemed receipt.
The contract required actual receipt of the funds before the delivery of goods.
Forms
- actual receipt
Related terms
See also
Commentary
Actual receipt emphasizes physical possession and is often contrasted with constructive or deemed receipt in contract and payment contexts.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.