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receivership |
Also found in: Legal, Financial, Wikipedia | 0.06 sec. |
receivershipIn law, state of being in the hands of a receiver, a person appointed by the court to administer, conserve, rehabilitate, or liquidate the assets of an insolvent corporation for the protection or relief of creditors. It is a legal solution to a financial difficulty; it does not necessarily entail the termination of the corporate charter. See also bankruptcy, insolvency. receivership Law 1. the office or function of a receiver 2. the condition of being administered by a receiver How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| ? Mentioned in | ? References in periodicals archive | ||
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| Bryson attributed the quarterly loss to a charge of $77 million, or
24 cents a share, for Edison Mission Energy's Lakeland project,
which was placed into administrative receivership in the United Kingdom.
Pivotal Games Limited was placed into administrative receivership on 5
September 2003 following the appointment of an administrative receiver. It is Fitch's current understanding, based on very limited
information, that if the restructuring proposal is rejected, this means
that WBGL would be unable to make the full payment on the interest
payment date on March 1 this year unless the issuer enters
administration or administrative receivership (in which case, Investcorp
will provide the necessary funds). |
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