The Tender For Law

Volume 3

Jul 12, 2013 11:56 PM

Derek Moran

..speaking of LIENS

RECEIVER'S CERTIFICATE: Debt instrument issued by a Receiver, who uses the proceeds to finance continued operations or otherwise to protect assets in receivership. The certificates constitute a LIEN on the property, ranking ahead of all other secured or unsecured liabilities in liquidation. Barrons Dictionary of Finance and Investment Terms.