| 释义 |
Receiver's certificate
Re`ceiv´er's cer`tif´i`cate
| 1. | 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. |
receiver's certificate
Receiver's certificateA debt instrument issued by a receiver and serving as a lien on the property, which provides funding to continue operations or to protect assets in receivership.Receiver's CertificateA short-term debt security issued by a receiver (or party appointed by secured creditors in a bankruptcy) to finance his activities during bankruptcy proceedings. Despite the fact that they involve bankruptcy, receiver's certificates are low risk because they are secured by the same assets to which the secured creditors hold liens.receiver's certificate The short-term debt that is issued by the receiver of a firm in bankruptcy proceedings. Receivers' certificates are of high quality because they have first claim on the bankrupt firm's assets. |