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English definition of “receiver”

receiver

noun [C] (PERSON)    /rɪˈsiː.vər/ US  /-vɚ/
(UK also official receiver) a person who officially deals with the business matters of companies who cannot pay their debts: The company went bankrupt and was put into the hands of the receivers.Starting, succeeding and failing in businessBorrowing, lending and debt UK specialized law A receiver (of stolen goods) is a person who buys and sells property that they know has been stolen.Miscellaneous criminals
(Definition of receiver noun (PERSON) from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)
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