Receiver
/rɪˈsiːvər/
Definitions
- (n.) A person or entity appointed by the court to take custody of property during litigation or bankruptcy.
The receiver managed the company's assets during bankruptcy proceedings.
- (n.) The party who receives property or funds in a legal transaction or trust.
The receiver was entitled to distribute the trust according to its terms.
Forms
- receivers
Related terms
See also
Commentary
Use 'receiver' specifically to denote a court-appointed custodian, distinguishing from informal recipients.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.