b4599b61_mon_Credit_Management_Keywords__Definition
[Term] Court appointed receiver [Definition] 
In certain circumstances the court may appoint a receiver to execute a judgment or to protect property, which is subject to a dispute. The receiver appointed by the court must comply with the order of the court in which his powers and duties will be defined. A court appointed receiver is an officer of the court and not an agent of the company or a creditor and will be personably liable on contracts entered into in the execution of his functions.
A to Z Glossary Of Credit Management Keywords - The A to Z Glossary of Common Credit Management Keywords
Definition