Explain the term "Receipt" under the Indian Stamp Act, 1889.

Receipt "Receipt" includes any note, memorandum or writing: whereby any money or any bill of exchange, cheque or promissory note is acknowledged to have been received; or whereby any other movable property is acknowledged to have been received in satisfaction of a debt; or whereby any debt or demand, or any part of a debt or demand is acknowledged to have been satisfied or discharged; or which signifies or imports any such acknowledgement, and whether the same is or is not signed with the name of any person. (Section 2(23)] A mere acknowledgement in writing of the receipt of immovable property will not attract sub-clause (b). Under sub-clause (c), any acknowledgement in satisfaction or discharge of any debt or demand or any part thereof is covered, for instance, a receipt given by the secretary or other manager of a club acknowledging payment of the club dues comes within the sub-clause. An ordinary cash memo issued by a shopkeeper or another person selling the goods or other merchandise is not a receipt, unless it contains an acknowledgement of receipt of the money. A letter acknowledging the receipt of money or cheque is a receipt. A document merely saying that the signatory has received a sum of ₹500 is a receipt.