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.
References in periodicals archive ?
After disbursing the first $100,000 under FDIC deposit insurance, federal regulators issue receiver's certificates to uninsured depositors.
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