Field Warehousing

Summary of Field Warehousing

An inventory financing arrangement characterized by the act of storing goods at or near the user's premises, but under effective control of a public warehouseman. The warehouseman issues a negotiable warehouse receipt that is used as collateral to procure the merchandise. As merchandise is needed for use or sale, the customer redeems the warehouse receipt and secures release of the goods.

(Main Author: William J. Miller)