Receiver

From ACT Wiki
Revision as of 14:20, 23 October 2012 by imported>Administrator (CSV import)
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to navigationJump to search

1. A person appointed in the UK under the terms of a debenture or by the court to realise assets charged, and to apply the proceeds for the benefit of those entitled. The receiver may also have power to manage the company.

2. More generally, a person or body who gets or accepts money or goods.

See also