Receivership Glossary of Terms

General receivership
A proceeding in which the receiver is appointed over all assets of the subject person or entity.

Limited receivership
A proceeding which the receiver is appointed over one or a small number of assets of the subject person or entity.

Receiver
A person or entity appointed to take custody of the property of another.

Receivership
A legal proceeding in which a another's assets are held by a receiver.