Receiver: Canada Debt .ca defines Receiver

Bankruptcy Term Receiver

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Canada Debt has the definition to the bankruptcy and debt term Receiver. Finding answers to terms such as Receiver can be difficult, especially if there is more than one definition which is why we have created a page dedicated to financial terms dealing exclusively with debt. Receiver in financial terms means...

In debt and bankruptcy terms, the phrase / term 'Receiver' is used as follows:

A person or corporation appointed by a person who holds a debenture or other security agreement, giving that person authority to take possession of and sell the asset(s) specified in the debenture. A Receiver cannot manage or operate a company for more than 14 days.