Interim Certificates

Source: Encyclopedia of Banking & Finance (9h Edition) by Charles J Woelfel
(We recommend this as work of authority and you can order it here)

Temporary printed certificates; provisional bonds or stocks issued to purchasers of a new issue until the final or permanently engraved securities can be issued to take their place.  Final stock certificates or bonds are known as definitive or permanent securities.  Since the preparation of the definitive bond and stock certificates involves time and purchasers require some sort of documentary proof of ownership, interim certificates are provided to fill the gap.  Interim certificates may be issued by the debtor corporation or by the syndicate managers of the syndicate floating the issue.  They are also known as receipts or syndicate managers' receipts.

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