Receipt: meaning, definitions and examples

Etymology

• The word 'receipt' comes from the Latin word 'recipere', which means 'to receive'.
• In Middle English, it was spelled as 'receit' before evolving to its current form.
• Historically, it was also used in cooking, referring to recipes or instructions on how to make things.

History

• Receipts date back to ancient Mesopotamia, where cuneiform tablets recorded transactions.
• During the Renaissance, scientists used receipts to document experiments and share findings.
• In the 19th century, printed receipts became common with the rise of businesses and commerce.

Legal & Financial

• Receipts serve as proof of purchase and may be necessary for returns or warranties.
• In accounting, maintaining receipts is essential for tracking expenses and managing finances.
• They can also serve as evidence in legal cases, validating that a transaction took place.

Technology

• With the advent of digital transactions, electronic receipts are now widely used, allowing for easy tracking.
• Mobile payment apps often send receipts via email or text, making it convenient to store important information.
• Blockchain technology is being explored to enhance the security and verification of receipts.

Cultural Significance

• In various cultures, receipts are not just practical but also collector's items, with some fans keeping historic or quirky ones.
• In art, receipts have been featured in modern installations, highlighting consumerism and everyday life.
• During holidays or festive seasons, gifts often include receipts for easy exchanges, reflecting the importance of customer satisfaction.

At position #2,775, this word belongs to solid intermediate vocabulary. It's frequently used in both casual and formal contexts and is worth learning for better fluency.

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• 2775 receipt
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• 2777 beside
• 2778 wonderful
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