APPOINTMENT OF RECEIVER

The placing – by court order – of contested property in the hands of a receiver in order to protect someone’s ownership (or trust) interests in a specific property (or fund).

For instance, the creditor of a bankrupt can have the bankrupt’s assets placed in the custody of a receiver to stop the bankrupt from selling the assets (or to prevent other creditors from seizing the assets).

Congratulations! You're now Froogled Up™ on what "Appointment of Receiver" means!

Feel free to use it throughout your financial/insurance life.

Sincerely,

www.FroogleMe.com

All-in-One

"Actuary"

user comments

thank you, come again!
Froogle 1.1.1.7

APPOINTMENT OF RECEIVER

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