receiver's certificate

receiver's certificate definition - business

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.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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