receiver


Also found in: Dictionary, Thesaurus, Medical, Legal, Acronyms, Encyclopedia, Wikipedia.
Related to receiver: Receiver operating characteristic, home theater receiver

Receiver

A bankruptcy practitioner appointed by secured creditors to oversee the repayment of debts.

Receiver

In corporate bankruptcy, a person or entity whom a court or regulator appoints as custodian to administer all assets and debts. The receiver's main duty is to pay off as many debts as possible as cheaply as possible. One obvious way to do this is to liquidate the company, but this is not always done. The receiver may restructure the company to put it on a path toward solvency. Some jurisdictions have a very short period during which a receiver may operate, sometimes as brief as two weeks. When a receiver has only this long, he/she usually liquidates the company.

When a receiver is appointed, the company is said to be in receivership. In the United States, different financial regulators have the authority to decide whether receiverships are necessary. The Office of Thrift Supervision may do this for savings and loans; the Office of the Comptroller of the Currency may do it for national banks. In any federally-chartered savings and loan or bank, the FDIC must be appointed receiver.

receiver

A person assigned by a court to handle affairs and assets of a business in bankruptcy proceedings. The receiver is charged with overseeing the firm for the benefit of its creditors and stockholders.

receiver

see INSOLVENCY, LIQUIDATION.
References in periodicals archive ?
2 Vacuum breaker or sequencing valve--at each receiver directs vacuum to that receiver.
To complete a receiver, all you needed to do was remove the colored plastic with whatever tools you choose.
Certain coaches employ the corner just to eye-up the receiver.
Usually, I'm the one that goes and says something to the receiver, `Hey, I missed you on that one, I'll get you on the next one,''' he said.
As a result, the Trimble agriculture division can use its large production runs to help amortize the cost of that really expensive development of new GPS receiver technologies.
Now that we're back in the States, do we have to go back to the PLGR or can we get those commercial GPS receivers and use them?
Easy set-up and operation being as important as performance, the EZ-Stream Universal Wireless Multimedia Receiver includes an EZ Installation Wizard that makes loading its software on the PC a breeze.
Signals and clocks will double in speed to 160-MHz; the higher speed will lead to a much higher roll-off in the cables and backplanes (the receiver is the best place to compensate for the roll-off).
STEP 1 Your receiver measures your distance from Satellite 1: 18,000 km (11,185 mi).
The bank refused to provide any funds to assist the receiver in preserving the property.
Overall, receivers obtained a hit about every third session.
Its portfolio of OEM receivers, receiver based products and interference management solutions are used to measure, monitor and optimize cellular networks.

Full browser ?