receiver's certificate

Definition of "receiver's certificate"
  1. A certificate issued by the receiver of a business, functioning as a debt instrument, often given precedence over other claims against the business
How to use "receiver's certificate" in a sentence
  1. The receiver's certificate is issued as part of the business's debt restructuring plan.
  2. Investors often consider receiver's certificates due to their potential priority over other business debts.
  3. The bank accepted the receiver's certificate as a means to resolve a part of the outstanding business debt.

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