Receiver's certificate
Also found in: Financial.
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. |
Webster's Revised Unabridged Dictionary, published 1913 by G. & C. Merriam Co.