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Difference between In receipt of something and On receipt of something

in receipt of something

1. (formal) having received smth.:

  • We are in receipt of your letter of the 17th of January.

2. receive smth. on a regular basis:

  • All people who are in receipt of fixed incomes … benefit from the fall in prices.

on receipt of somethingas soon as smth. is received:

  • On receipt of your instructions we will send you the goods.