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Glossary   >   R   >   "Receivership" Definition            Receivership When a company cannot meet its financial commitments, one or more of its main creditors may appoint a receiver. The receiver takes over running of the company, doing whatever he thinks best to help the appointing creditor get its money back. Glossary    Dictionary Search (powered by Google) WWW ITLOCUS.COM GLOSSARY.ITLOCUS.COM Translate a web page (powered by Google)      to German Spanish French Italian Portuguese Japanese Korean Chinese

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Receivership - When a company cannot meet its financial commitments, one or more of its main creditors may appoint a receiver. The receiver takes over running of the company, doing whatever he thinks best to help the appointing creditor get its money back.