Receiver,
Definition of Receiver:
A person or company appointed by a court to manage the financial affairs of a business or person that has gone bankrupt.
Independent party (usually a practicing accountant) appointed by a court, or by an entitys creditors under the terms of a debenture, when a debtor (1) fails to comply with the terms of the loan agreement, (2) is deemed to be in serious financial difficulties by the secured creditors, (3) certain events or circumstances threaten the viability of the business and, hence, the money owed by it. The receiver is mandated to take control (but not the title to) the pledged assets or the property to which debt is charged (and nothing else) to collect sufficient amount to repay the debt (plus his or her fees or expenses). Receivers are usually granted very wide powers and, in addition, they assume the powers of the directors. Although a receiver must try to save the firm, in practice nearly every firm in receivership is either sold or liquidated. Notice of the appointment of a receiver must be given to the appropriate authorities, and all stationery and official documents (invoices, letters, orders, receipts, etc.) of the firm must bear the notice of receivership. Called also administrative receiver.
A receiver is a person appointed as custodian of a person or entity's property, finances, general assets, or business operations. Receivers can be appointed by courts, government regulators, or private entities. Receivers seek to realize and secure assets and manage affairs to pay debts. For businesses, receivers seek to maximize profits and asset value, and either terminate operations or sell all or part of the company. When a receiver is appointed, a company is said to be "in receivership.".
A person who gets or accepts something that has been sent or given to them.
The part of a telephone apparatus contained in the earpiece, in which electrical signals are converted into sounds.
The part of a firearm which houses the action and to which the barrel and other parts are attached.
A container for collecting the products of distillation, chromatography, or other process.
Receivership is an alternative to bankruptcy and potentially a better option for companies facing financial difficulty. Compared to bankruptcy, the process of receivership carries less stigma, requires less paperwork, and has fewer court proceedings. This action will result in lower costs for all parties. .
Independent, impartial party appointed by a court to receive, manage, and preserve (1) a disputed property which is the subject matter of a court case, pending final disposition of the lawsuit, or (2) an endangered property for the benefit of those who are entitled to it.
Synonyms of Receiver
Christian, God-fearing man, TelAutography, Teletype, Teletype network, Teletyping, Accepter, Accountant, Acquirer, Addressee, Audience, Auditor, Beholder, Believer, Bookkeeper, Bursar, Cabinet, Call box, Cashier, Cashkeeper, Catechumen, Chamberlain, Chassis, Churchgoer, Churchite, Churchman, Closed-circuit telegraphy, Code, Coin telephone, Communicant, Comptroller, Consignee, Console, Container, Controller, Convert, Curator, Daily communicant, Depositary, Depository, Desk telephone, Devotee, Devotionalist, Dial telephone, Disciple, Duplex telegraphy, Electricity, Extension, Facsimile telegraph, Fanatic, Fence, Financial officer, Follower, Getter, Good Christian, Hearer, Holder, Housing, Interrupter, Key, Liquidator, Listener, Looker, Mouthpiece, Multiplex telegraphy, Neophyte, News ticker, Obtainer, Pay station, Payee, Paymaster, Phone, Pietist, Procurer, Proselyte, Public telephone, Purse bearer, Quadruplex telegraphy, Radio, Radio receiver, Radio set, Radio telescope, Railroad telegraphy, Receiving set, Receptacle, Recipient, Religionist, Saint, Sender, Set, Simplex telegraphy, Single-current telegraphy, Sounder, Spectator, Steward, Stock ticker, Submarine telegraphy, Swagman, Swagsman, Taker, Telegraphics, Telegraphy, Telephone, Telephone booth, Telephone engineering, Telephone extension, Telephone mechanics, Telephone receiver, Telephonics, Telephony, Teleprinter, Teletypewriter, Teletypewriting, Telex, Theist, Ticker, Transmitter, Treasurer, Trustee, Truster, Typotelegraph, Typotelegraphy, Utensil, Vessel, Viewer, Votary, Wall telephone, Wire service, Wireless, Wireless set, Zealot, Recipient, Beneficiary, Donee, Giftee
How to use Receiver in a sentence?
- Working independently, Gray and Bell both developed systems based on electromagnetic receivers with steel diaphragms.
- The receiver according to the courts was now responsible so we contacted them through the proper channels to communicate our present situation.
- Receivership is an alternative to bankruptcy.
- Most blue steel firearms receivers are made from 4140 steel alloy.
- When a receiver is appointed, a company is said to be "in receivership.".
- The company is in the hands of the receivers.
- The quarterback threw the ball to his wide receiver , but he missed it and that caused the team to turn it over with a minute left.
- The receiver of a gift.
- A receiver is a person appointed by a court, government regulator, or private entity to manage debt consolidation for a company.
- Sometimes as a receiver the package you are waiting for wont arrive on time and all you can do is wait it out.
- The condensate trapped in the dry ice-cooled traps was slowly warmed to room temperature to boil off the gaseous materials and then combined with the distillate in the ice-cooled receiver.
Meaning of Receiver & Receiver Definition