[ri-see-ver] 
| 1. | a person or thing that receives. |
| 2. | a device or apparatus that receives electrical signals, waves, or the like, and renders them perceptible to the senses, as the part of a telephone held to the ear, a radio receiving set, or a television receiving set. |
| 3. | Law. a person appointed by a court to manage the affairs of a bankrupt business or person or to care for property in litigation. |
| 4. | Commerce. a person appointed to receive money due. |
| 5. | a person who knowingly receives stolen goods for an illegal purpose; a dealer in stolen merchandise. |
| 6. | a device or apparatus for receiving or holding something; receptacle; container. |
| 7. | (in a firearm) the basic metal unit housing the action and to which the barrel and other components are attached. |
| 8. | Chemistry. a vessel for collecting and containing a distillate. |
| 9. | Football. a player on the offensive team who catches, is eligible to catch, or is noted for the ability to catch a forward pass: Jones was the receiver of the first pass thrown. He sent all his receivers downfield. |
| 10. | Baseball. the catcher. |
re·ceiv·er (rĭ-sē'vər)  (click for larger image in new window) n.
|
Receiver
A person appointed by a bankruptcy court or secured creditor to run a company for a short period of time in a manner that will ensure as much debt is paid back to creditors as possible.
Investopedia Commentary
The main purpose of a receiver is to use a company's assets in a way that will most effectively pay back creditors. Depending on where a receiver is appointed, there are numerous restrictions on how he or she runs a business. For instance, in many jurisdictions a receiver can run a company only for 14 days. In turn, a receiver's main function is often simply to liquidate all available assets. When a receiver is appointed, the company is said to be "in receivership."
Related Links
The Dirt On Delisting
An Overview Of Corporate Bankruptcy
See also: Bankruptcy, Bankruptcy Risk, Chapter 11, Creditor, Debt, Discharge in Bankruptcy, Receivership, Senior Security
receiver
vər
