- A receiver appointed by the holder of a floating charge covering the whole, or substantially all, of a company's assets in order to recover money due to a secured creditor. The administrative receiver has the power to sell the assets that are secured by the charge or to carry on the company's business.
Accounting dictionary. 2014.
Look at other dictionaries:
administrative receiver — Historically, a receiver or manager of the whole or substantially the whole of a company s property, appointed on behalf of the holder of a debenture of the company which as created was a floating charge, and authorised to get in the assets, run… … Law dictionary
administrative receiver — A receiver appointed by a secured creditor who holds a floating charge covering the whole, or substantially all, of a company s assets. The administrative receiver has the power to sell the assets that are secured by the charge or to carry on the … Big dictionary of business and management
administrative receiver — /ədˌmɪnɪstrətɪv rɪ si:və/ noun a person appointed by a court to administer the affairs of a company … Dictionary of banking and finance
Administrative receivership — is a procedure in the United Kingdom [See sections 29(2) and 251 of the Insolvency Act 1986 and Article 5(1) of the Insolvency (Northern Ireland) Order 1989 for the definition of administrative receiver under the laws, respectively, of England… … Wikipedia
receiver — re·ceiv·er /ri sē vər/ n 1: an officer charged with receiving tax payments or returns and other related duties (as the maintenance of tax rolls) 2: a person appointed by the court to hold in trust and administer property in litigation; esp: one… … Law dictionary
administrative receivership — A remedy of a secured creditor to allow for the realisation of assets subject to security. Prior to the Enterprise Act 2002, administrative receivership was available to a creditor who had a floating charge over the whole (or substantially the… … Law dictionary
receiver — A person exercising any form of receivership. In bankruptcy, the official receiver becomes receiver and manager of the bankrupt s estate. Where there is a floating charge over the whole of a company s property and a crystallizing event has… … Accounting dictionary
receiver — A person exercising any form of receivership In bankruptcy, the official receiver becomes receiver and manager of the bankrupt s estate (see bankruptcy). Where there is a floating charge over the whole of a company s property and a crystallizing… … Big dictionary of business and management
receiver — re|ceiv|er [rıˈsi:və US ər] n ▬▬▬▬▬▬▬ 1¦(telephone)¦ 2¦(business)¦ 3¦(stolen property)¦ 4¦(radio)¦ 5¦(American football)¦ ▬▬▬▬▬▬▬ 1.) ¦(TELEPHONE)¦ the part of a telephone that you hold next to your mouth and ear →↑handset pick up/lift the … Dictionary of contemporary English
Receiver — may mean:* The listening device part of a telephone * The handset containing that device * Receiver (radio), an electronic device that converts a radio signal from a transmitter into useful information * Receiver (modulated ultrasound), a device… … Wikipedia