Business and Personal Finance Dictionary

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• PUBLIC WAREHOUSE
  
  A central warehouse that accepts, stores, and delivers goods for multiple businesses. Often, public warehouses are bonded. Importers often use bonded public warehouses located in or near points of entry to delay payment of duties. Food is often kept in public warehouses, including grain elevators. Public warehouses issue collateral receipts or warehouse receipts and can be used for controlling inventory pledged to secure loans. See warehouse receipts.
  
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