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TeachMeFinance.com - explain receiver receiver -- a party appointed by a court or regulatory agency to manage property subject to litigation, or the property and affairs of a bankrupt person or institution. The receiver maintains and manages the property in the interest of lenders or creditors until a final disposition of the property is made. historic definition... Receiver -- A person appointed by the court to take into his custody, control and management the property or funds of another (or of a corporation) pending judicial action concerning them. He is an officer of the court, represents it and is amenable to its orders as to the property and any interference with his authority is contempt of court. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.