Receivership

Receivership
Under Part III of the Insolvency Act 1986, a receiver is appointed by a lender with a charge or mortgage over the company's assets (usually the bank) who, in consequence, of failure to receive payment, ...

Receivership
(n) Receivership is the authority given to a person by a court to take over the custody, charge of a property or business etc of someone else, to run the property or business as per the direction issued by the court ...

receivership
n. the process of appointment by a court of a receiver to take custody of the property, business, ...

Payout Method, in which insured deposits are paid by the FDIC, which attempts to recover its payments by liquidating the receivership estate of the failed bank.

Statement of Receipts and Disbursements:
A statement prepared in the matter of receivership or agency appointment or a bankruptcy appointment, whereby the realizations and disbursements are set out.

: to conclude by removing liabilities and distributing any remaining assets to partners or shareholders <wind up the business and affairs of a corporation in dissolution> <wind up a receivership> ...

See also: Receive, Receiver, Debt, Trust, State