Accountable Receipt - Definition - Law Dictionary Home Dictionary Definition accountable-receipt

Definition :

Accountable receipt, a written acknowledgment of the receipt of money or goods to be accounted for by the receiver. It differs from an ordinary receipt, or acquittance, in this, that the latter imports merely that money has been paid. See Clark v. Newsam, (1847) 1 Ex. 131. By the (English) Forgery Act, 1913 (3 & 4 Geo. 5, c. 27), ss. 2(2) and 18, the forgery of an accountable receipt, or any assignment thereof or endorsement thereon with intent to defraud, is a felony punishable with penal servitude for not exceeding 14 years.