Receipt, in Commerce, is an acquittance or discharge in writing ; the purport of which is, that the party has received a certain sum of money, either in full for the whole of a debt, in part, or on account.

As designing persons might attempt to evade the stamp-duty, the legislature has provided that no re-ceipt shall be valid, unless it be written on stamped paper, according to the value or amount of the payment to be made. Besides, there are various penalties imposed by different acts of parliament, on the parties giving and receiving unstamped acknowledgments. We have, therefore, subjoined the following table.

Receipts.

For 2l. and less than 20/.

-

-

\

2d.

— 20 ---------

50

-

-

-

Ad.

— 50 ---------

100

-

-

-

6d.

— 100 ---------

500

-

-

4

1s.

— 500 and upwards

-

-

-

-

2s.

In full of all demands

-

-

-

-

2s.