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baddestbunny
14:20
Simple English definitions for legal terms
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A certificate creditor is a type of creditor who is owed a debt by a municipal corporation and receives a certificate of indebtedness instead of payment because the municipality is unable to pay the debt.
These examples illustrate how a certificate creditor is a creditor who is owed a debt by a municipal corporation and receives a certificate of indebtedness instead of payment because the municipality is unable to pay the debt.