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receiver definition - legal

n

  1. A disinterested party chosen by a corporation or by a court to collect and protect property that is the subject of diverse claims. A receiver is often appointed in proceedings concerning insolvency.
  2. In criminal law, a receiver is one who accepts or obtains possession of goods that are known to be stolen, and as such is in turn a violator of the law. See also liquidate and fence.

Webster's New World Law Dictionary Copyright © 2006 by Wiley Publishing, Inc., Hoboken, New Jersey.
Used by arrangement with John Wiley & Sons, Inc.

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