Definition of Receiver's certificate

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TeachMeFinance.com - explain Receiver's certificate




historic definition...

Receiver's certificate -- A certificate issued by a receiver for the purpose of raising money for a corporation that is within the jurisdiction of a court. Such a certificate constitutes a first lien upon the net earnings and property of the corporation.



About the author

Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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