Legal Definitions - interim receipt

An interim receipt is a temporary document that acknowledges the receipt of something, typically money, goods, or documents, before a final or permanent record can be issued. It serves as provisional proof of a transaction or payment until the official, comprehensive documentation is ready and provided.

Here are some examples to illustrate this concept:

• Car Insurance Payment: Imagine you've just purchased a new car and need insurance immediately. You pay the first premium to your insurance agent. The agent might provide you with an interim receipt confirming your payment and that your coverage has started. This temporary document acts as proof of insurance until the official policy documents, which detail all the terms and conditions, are printed and mailed to you a few weeks later.

  How it illustrates the term: The interim receipt provides immediate, temporary proof of your payment and active coverage, bridging the gap until the permanent policy document arrives.

• Property Deposit: When you decide to buy a house, you often need to place a deposit to show your serious intent. Your real estate agent might give you an interim receipt acknowledging the funds received for the deposit. This receipt confirms that the money has been paid and accepted, even though the full purchase agreement and other legal documents detailing the sale are still being finalized and signed.

  How it illustrates the term: This document serves as temporary proof of the deposit, confirming the transaction before the comprehensive legal contract for the property sale is complete.

• Passport Application Fee: When applying for a new passport, you pay a fee at the time of application submission. The passport office might issue you a small slip or printout, which functions as an interim receipt. This document confirms that you have paid the required fee and that your application has been officially submitted, while you await the processing and mailing of your actual passport document.

  How it illustrates the term: The slip provides temporary evidence of your payment and application submission until the final, official passport document is delivered to you.