receiver's certificate
receiver's certificate
Certificates given by a receiver or receiver-manager to secure borrowings required by the receiver or receiver-manager. Any debt secured by a receiver's certificate has a first charged over the property, ranking ahead of any other secured charge. (Dictionary of Canadian Bankruptcy Terms)

United Glossary of Bankruptcy Terms 2012.

Glossary of Bankruptcy.

Look at other dictionaries:

  • receiver's certificate — n: a debt instrument that is issued by the receiver of a corporation and that may have priority over other liens against the company Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • 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 …   The Collaborative International Dictionary of English

  • receiver's certificate — A certificate or evidence of indebtedness, issued under order of the court by a receiver in possession of property in payment for goods or services purchased or engaged by the receiver payable out of a particular fund in the receivership, and… …   Ballentine's law dictionary

  • receiver's certificate — A debt instrument issued by a receiver and serving as a lien on the property, which provides funding to continue operations or to protect assets in receivership. Bloomberg Financial Dictionary …   Financial and business terms

  • receiver's certificate — noun : a promise to repay to a lender a definite sum loaned and an acknowledgment thereof 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) and often made by the… …   Useful english dictionary

  • receiver — A person appointed by a court for the purpose of preserving property of a debtor pending an action against him, or applying the property in satisfaction of a creditor s claim, whenever there is danger that, in the absence of such an appointment,… …   Black's law dictionary

  • certificate of indebtedness — An instrument issued by a building and loan association for borrowed money. 13 Am J2d B & L Assoc § 10: an obligation issued by a receiver, trustee, or debtor in possession, for money borrowed for the purpose of continuing the operation of the… …   Ballentine's law dictionary

  • Global Maritime Distress Safety System — The Global Maritime Distress and Safety System (GMDSS) is an internationally agreed upon set of safety procedures, types of equipment, and communication protocols used to increase safety and make it easier to rescue distressed ships, boats and… …   Wikipedia

  • Pretty Good Privacy — Original author(s) Phil Zimmermann Developer(s) Phil Zimmermann Initial release In 1991 Written in Multi language …   Wikipedia

  • Gun laws in the United States (by state) — U.S. Firearms Legal Topics Assault weapons ban ATF Bureau Brady Handgun Violence Prevention Act Concealed carry in the U.S. Domestic Violence Offender Gun Ban …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”