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1 definition found

From: Webster's Revised Unabridged Dictionary (1913)

 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.
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