Re*ceiv"er's cer*tif"i*cate(?). 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.]
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Tue 18th December 2018