- receiver
-
re·ceiv·er /ri-'sē-vər/ n1: an officer charged with receiving tax payments or returns and other related duties (as the maintenance of tax rolls)2: a person appointed by the court to hold in trust and administer property in litigation; esp: one appointed to administer, conserve, rehabilitate, or liquidate the assets of an insolvent corporation for the protection or relief of creditors compare conservator, liquidator
Merriam-Webster’s Dictionary of Law. Merriam-Webster. 1996.
- receiver
-
I
noun
accepter, assignee, benefactor, beneficiary, collector, consignee, depositary, fence, grantee, holder, receptacle, receptor, recipient, trustee
associated concepts: ancillary receiver, appointment of a receiver, equitable receiver, general receiver, joint receivers, legal receiver, principal receiver, provisional receiver, receiver in bankruptcy, receiver of stolen property, receivership, statutory receiver, temporary receiver
II
index
assignee, bearer, beneficiary, catchall, disciple, fence, feoffee, heir, holder, recipient
Burton's Legal Thesaurus. William C. Burton. 2006
- receiver
-
Under Part III of the Insolvency Act 1986, a receiver is appointed by a lender with a charge or mortgage over the company's assets (usually the bank) who, in consequence, of failure to receive payment, wishes the receiver to sell the assets to produce funds to repay the debt.
Easyform Glossary of Law Terms. — UK law terms.
- receiver
-
n.A person or business appointed by a court to manage property owned by an insolvent person or business that is the subject of a lawsuit, to hold the property and preserve it for the benefit of those who will ultimately receive it.
The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008.
- receiver
-
1. a person appointed by the court to receive the rents and profits of real property and to collect personal property affected by the proceedings and to do any act stated in the court's order. The object of the appointment is to protect the property until the rights of the parties have been ascertained. In such a case the receiver is an officer of the court and generally has to give security for the due performance of the duties of his office. In bankruptcy proceedings, the Official Receiver may be appointed as interim receiver at any time after the presentation of the petition if that course is necessary for the preservation of the estate; it is his duty so to act after adjudication until a trustee is appointed.2. a mortgagee may appoint a receiver, being the agent of the mortgagor in law, without having to apply to the court where he is empowered to do so by the mortgage instrument, or in any event by virtue of Section 101 of the Law of Property Act 1925 if the mortgage is contained in a deed.
Collins dictionary of law. W. J. Stewart. 2001.
- receiver
-
1) In a lawsuit, a neutral person (often a professional trustee) appointed by a judge to take charge of the property and business of a party to the lawsuit, and receive the rents and profits due to the party, while the lawsuit is being decided. A receiver is appointed if requested by the other party to the suit and if there is a strong showing that the property would not be available when the lawsuit concludes.2) In debt and bankruptcy law, a person appointed to receive rents and profits coming to a debtor either while a bankruptcy is being processed or while an arrangement is being worked out to pay creditors.3) In criminal law, shorthand for one who commits the crime of receiving stolen goods knowing they were obtained illegally.Category: Representing Yourself in CourtCategory: Small Claims Court & Lawsuits
Nolo’s Plain-English Law Dictionary. Gerald N. Hill, Kathleen Thompson Hill. 2009.
- receiver
-
A person appointed by the holder of a fixed charge to enforce his security, rather than applying for compulsory liquidation of the company. The appointment of a receiver by a secured creditor is therefore a contractual remedy without recourse to the courts and the receiver's primary duty is to the debenture holder. This can be contrasted with the appointment of an administrative receiver by a floating charge holder.For further information, see the Insolvency Service website: .Related links
Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010.
- receiver
-
n.1 A disinterested party chosen by a corporation or by a court to collect and protect property that is the subject of diverse claims. A receiver is often appointed in proceedings concerning insolvency.2 In criminal law, a receiver is one who accepts or obtains possession of goods that are known to be stolen, and as such is in turn a violator of the law.
Webster's New World Law Dictionary. Susan Ellis Wild. 2000.
- receiver
-
An archaic term, used in common law and civil law countries, to designate an individual who holds and conceals stolen goods for thieves. Currently an independent individual appointed by a court to handle money or property during a lawsuit.
Dictionary from West's Encyclopedia of American Law. 2005.
- receiver
-
An archaic term, used in common law and civil law countries, to designate an individual who holds and conceals stolen goods for thieves. Currently an independent individual appointed by a court to handle money or property during a lawsuit.
Short Dictionary of (mostly American) Legal Terms and Abbreviations.
- receiver
-
n.1) a neutral person (often a professional trustee) appointed by a judge to take charge of the property and business of one of the parties to a lawsuit and receive his/her rents and profits while the right to the moneys has not been finally decided. Appointment of a receiver must be requested by petition of the other party to the suit, and will only be authorized if there is a strong showing that the moneys would not be available when a decision is made. The funds are held for the prevailing party.2) a person appointed to receive rents and profits coming to a debtor either while a bankruptcy is being processed or while an arrangement is being worked out to pay creditors, so that funds will be paid for debts and possibly available for distribution to creditors.3) shorthand for one who commits the crime of receiving stolen goods knowing they were obtained illegally.
Law dictionary. EdwART. 2013.
