'Receiver's certificate' definitions:
Definition of 'Receiver's certificate'
From: GCIDE
- Receiver's certificate \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.]