receiver

(redirected from Reciever)
Also found in: Dictionary, Thesaurus, Medical, Legal, Encyclopedia.
Related to Reciever: stereo receiver

Receiver

A bankruptcy practitioner appointed by secured creditors to oversee the repayment of debts.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.

receiver

see INSOLVENCY, LIQUIDATION.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson
References in periodicals archive ?
At any time, four are available, from anywhere on the surface of the Earth, to provide, with suitable recievers, the possibility of letting someone on Earth pinpoint their geographical location to within metres.
In fact, hackers in a back room expertly divert the fax to other local fax recievers. Here the fax is pored over.
Former walk-on wide reciever and kicker for UO's football team in spring of 2012.
- "The Reciever" Directed by "Mehrdad Ghaffarzadeh", Produced by "Mohammad Ghahmerani" and DEFFC
Hasta olan (akut miyokard infarktusu)/olmayan (kontrol) ve yeniden bicimlenmenin oldugu/olmadigi gruplari en iyi ayirt edebilecek degiskenlerin ve bu degiskenlerin en iyi kesim noktalarinin bulunmasinda ROC (Reciever Operating Characteristic) egrisi analizi kullanildi.
Reciever David Boston (knee), cornerback Sam Madison (hip) and linebacker Junior Seau (calf) are questionable for the Dolphins.
Tolerences of the reciever and barrel are held so closely that no intricate lathe work requiring a true gunsmith is necessary as is the case with most sniper rifles.
Eagles reciever James Thrash, playing on a sprained ankle, was the star of the show in a thrilling 24-21 victory which clinched Philly's' first NFC East title since 1988.
B-IB: AN/ALO-161 RE receiver/jammer (most of which is being replaced with the AN/ALR-56M RWR radar-warning reciever under the B-1B Defensive Systems Upgrade, although the status of this program could not be determined at press time), and AN/ALE-50 RF towed decoy
Leaving your hands free and your tongue moving, My Phone is a clip-on phone with a headset instead of a conventional reciever
spokesperson, said "Once we close (the bank) we make the FDIC the reciever. It's deplorable."