Business Terms and Jargon Explained
What is Official Receiver
A civil servant who works for the Department of trade and Industry and is appointed by the Court to act as:-
i) a liquidator when a company is being wound up;
ii) a trustee when an individual is made bankrupt. The duties of an official receiver will include examining the company/bankrupt's property which is available to pay the debts and distributing the money amongst the creditors.© Crown Copyright. Material taken from Her Majesty's Courts Service (HMCS) website . Reproduced under the terms and conditions of the Click-Use Licence.
Search Jargon and Terms Database
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Term created / updated 2008-01-17 00:11:21
Knowledge is the key to success. That is why we have gone to great lengths to get you these business terms and jargon, and explain them in Plain English. Its very easy to comprehend. Learn to understanding and know your business jargon. This will keep you informed among your peers. Bookmark Your business dictionary.