Receiver's Certificate

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.

A debt instrument issued by a receiver, and serving as a lien on the property, that provides funding to continue operations or to protect assets in receivership.

Titolo di credito emesso a breve termine da un amministratore giudiziale per procedere alla liquidazione o alla ristrutturazione dell'impresa.

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.