Definition for RE-CEIPT', or RE-CEIT'

RE-CEIPT', or RE-CEIT', n. [recee't; It. ricetta, from the L. receptus. This word ought to follow the analogy of conceit, deceit, from L. conceptus, deceptus, and be written without p, receit.]

  1. The act of receiving; as, the receipt of a letter.
  2. The place of receiving; as, the receipt of custom. – Matth. ix.
  3. Reception; as, the receipt of blessings or mercies.
  4. Reception; welcome; as, the kind receipt of a friend. [Obs.] [In this sense, reception is now used.]
  5. Recipe; prescription of ingredients for any composition, as of medicines, &c. – Dryden. Arbuthnot.
  6. In commerce, a writing acknowledging the taking of money or goods. A receipt of money may be in part or in full payment of a debt, and it operates as an acquittance or discharge of the debt either in part or in full. A receipt of goods makes the receiver liable to account for the same, according to the nature of the transaction, or the tenor of the writing. It is customary for sherifs to deliver goods taken in execution, to some person who gives his receipt for them, with a promise to redeliver them to the sherif at or before the time of sale.

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