Receivership

Business, Legal & Accounting Glossary

Definition: Receivership


Receivership


What is the dictionary definition of Receivership?

Dictionary Definition


n. the process of appointment by a court of a receiver to take custody of the property, business, rents and profits of a party to a lawsuit pending a final decision on disbursement or an agreement that a receiver control the financial receipts of a person who is deeply in debt (insolvent) for the benefit of creditors. Thus, the term “the business is in receivership.


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March 29, 2024 https://payrollheaven.com/define/receivership/.
Chicago Manual of Style (CMS):
Receivership. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/receivership/ (accessed: March 29, 2024).
American Psychological Association (APA):
Receivership. PayrollHeaven.com. Retrieved March 29, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/receivership/

Definition Sources


Definitions for Receivership are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 30th April, 2020 | 0 Views.