Share this site with del.icio.us Share this site with furl Share this site with stumbleupon Share this site with google Add this site to Yahoo Bookmarks Click here to add us to your favorites Subscribe to our Feed




receivership

Definition

State of being under the administration and control of a receiver. Receivership removes the property or business from the control of its owners (stock/shareholders), and the firm's directors lose their powers to the receiver who stops dividend and interest payments. A firm in receivership must carry the notice of 'In Receivership' on all its stationery and official documents.


Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z