Definition: The act of receiving, or the fact of having been received.

Alright class, settle down and let’s take a peek, At this word “receipt,” it’s something we should seek! The dictionary gives you a helpful clue, “The act of receiving” – that's part of what is true. Think about a gift, a lovely treat, When someone gives to you, oh so sweet! That’s the “act of receiving,” it’s plain to see, But "receipt" has another meaning for you and me! It also means something received , you understand? Like a payment made, held firm in hand. A store's record of what you bought with glee, A written proof – for all the world to see! So “receipt” can be an action, or a thing you hold dear, The act of receiving, and the fact it’s clear! Does that make sense? Any questions, my dears? Let's discuss!