Receivership

 

 

 

Receivership

 

Glossary of business

 

Definition of receivership

 

Receivership is the process of winding up a firm following its collapse. The process is carried out by an official receiver who will be appointed and who will aim to get the best possible value from the assets of the business. The money realised will be used to pay creditors, though it is generally unlikely that the creditors will receive all they are owed.

 

Source : http://business-tes.wikispaces.com/file/view/Glossary.doc

link: http://business-tes.wikispaces.com/

Author : not indicated on the source document of the above text

 

Terminology about business

 

Job world

 

 

Definition and meaning of receivership

 

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Meaning of receivership

 

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