receiver's certificate

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CIDE DICTIONARY

receiver's certificate,

An acknowledgement of indebtedness made by a receiver under order of court to obtain funds for the preservation of the assets held by him, as for operating a railroad. Receivers' certificates are ordinarily a first lien on the assets, prior to that of bonds or other securities. [Webster 1913 Suppl.]

For further exploring for "receiver's certificate" in Webster Dictionary Online

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