Warehouse
/ˈwɛr.haʊs/
Definitions
- (n.) A commercial building for storing goods and materials before distribution or sale.
The company leased a warehouse to store its inventory.
- (n.) A place where goods are deposited as security for a loan under a warehouse receipt arrangement.
The lender held a warehouse receipt as collateral for the loan.
Forms
- warehouses
Related terms
See also
Commentary
In legal contexts, distinguish between a physical warehouse and the warehouse receipt used as a negotiable document evidencing possession of goods for financing purposes.
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.