RECEIVER: court-appointed PERSON who takes possession of, but NOT TITLE to, the assets and affairs of a business or ESTATE that is in a form of BANKRUPTCY called RECEIVERSHIP, or is enmeshed in a legal dispute. The receiver collects rents and other income and generally manages the affairs of the entity for the benefit of its owners and creditors until a DISPOSITION is made by the court.
Printed copy · Anthology Volume 6, page 919Printed copy from The Tender For Law Anthology, Volume 6, page 919 (printed 13 June 2014). Added by this site; not part of the Facebook export.