Receivership
A process where a receiver takes control of specific secured assets or income to recover money for the appointing creditor.
Related terms
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Receiver
A person appointed to take control of specified assets or income for a creditor or under a court order, depending on the legal power used.
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Receiver Order
A Northern Ireland enforcement order appointing a receiver to collect money or income due to a debtor and apply it towards a judgment debt.
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Fixed charge receiver
A receiver appointed by a lender under a fixed charge, often over property, to take control of and realise the secured asset.
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