receiver

Definition

In legal and financial contexts, the person courts appoint to manage assets (often because the owner proved spectacularly incompetent). Basically, a financial babysitter with legal authority over your mess.

Example Usage

The court appointed a receiver to oversee the bankrupt company's assets and liquidation.

Source: Legal and Financial Terminology

Related Terms

Intermediate

days payable outstanding

The average number of days a company takes to pay its suppliers, calculated by dividing accounts payable by daily cost of goods sold. Low numbers mean you're a prompt payer; high numbers mean you're using suppliers as a free bank.

💰 Finance / Accounting

Intermediate

Intangible Assets

Assets you can't touch but that supposedly have value—patents, trademarks, and management's optimism.

💰 Finance / Accounting

Intermediate

boarding

In fintech and hospitality, the process of onboarding someone into a financial service or accommodation by providing meals and lodging. It's the careful dance of getting customers to commit their money and wallets to your platform before they realize the terms are ridiculous.

💰 Finance / Accounting

Intermediate

contra account

An account that offsets another account on the balance sheet, like accumulated depreciation playing bad cop to your asset's good cop. It reduces the value of the related account without actually touching it.

💰 Finance / Accounting

Beginner

threshold

The point at which something begins to happen or have effect—the minimum viable amount before things change significantly. Cross it and there's no going back.

💰 Finance / Accounting

Advanced

backflush costing

A simplified cost accounting system that records costs only when production is complete, skipping the tedious tracking of work-in-process. It's for manufacturers who prefer speed over precision and assume everything flows smoothly.

💰 Finance / Accounting

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See “receiver” in Corporate Speak, Gen-Z Slang, Pirate Speak, and more.

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