receiver

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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 ?
Previously, in order to be licensed, money transmitters in the Arkansas needed to maintain a minimum net worth of $250,000, determined in accordance with generally accepted accounting principles.
Gluing has been successfully used to attach transmitters to Australian brush-turkeys Alectura lathami chicks (Goth and Jones 2001) and wild turkey Meleagris gallopavo poults (Spears et al.
Summary: Fewa says it is not their responsibility to secure the uncovered and unfenced electric transmitters.
The point to point capacities between transmitter t and receiver r, and between transmitter t and eavesdropper e are given by [2]
The Boeing 787 jets operated by ANA and JAL are also equipped with the Honeywell-made transmitters, according to the Japanese ministry.
The XFP-RF transmitter can be designed into existing broadband optical platforms to double the density and halve the power consumption of transmitters in Hybrid Fiber Coaxial networks.
Two pilot trials and one study in a closely related grebe species suggest that western grebes (Aechmophorus occidentalis) will not tolerate intracoelomic transmitter implantation with percutaneous antennae and often die within days of surgery.
[x.sub.0]--is coordinate of transmitter location in x-axis direction and [y.sub.0]--is coordinate of transmitter location in y-axis direction.
Vaisala (Woburn, MA) now offers its HUMICAP[R] Humidity and Temperature Transmitter Series HMT330, MMT330, and PTU300 and the Vaisala DRYCAP[R] Dewpoint Transmitter Series DMT340 with Ethernet connectivity through wireless or wired networks.
Omnex Control Systems ULC I has introduced the CCDock contactless charging system for use with its T110C transmitter. With the CCDock, users are now able to charge the transmitter without any electrical contacts, which often get dirty and interfere with the charge.
The switchover to digital television has taken a big step forward with the completion of work on a second transmitter on high ground overlooking Cardiff.

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