Ancillary

receiver. An a istant receiver, as a receiver in one state of the property of a company which is domiciled (chartered or incorporated) and has its chief place of busine in another state. The receiver, as distinguished from the ancillary receiver, is situated in and derives his authority from the state where the company is domiciled. And interest. When a bond is sold at a fixed price “and interest” the interest which has accrued or accumulated on it up to the date of the transaction is added to the fixed price. The fixed price with the interest added is the total price. For instance, if a bond is sold at 100 and I per cent in interest has accrued on it the total cost of the bond is rot.