Receivers Certificate: Canada Debt .ca defines Receivers Certificate

Bankruptcy Term Receivers Certificate

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Canada Debt has the definition to the bankruptcy and debt term Receivers Certificate. Finding answers to terms such as Receivers Certificate can be difficult, especially if there is more than one definition which is why we have created a page dedicated to financial terms dealing exclusively with debt. Receivers Certificate in financial terms means...

In debt and bankruptcy terms, the phrase / term 'Receivers Certificate' is used as follows:

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.