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Receivership
The situation when a company has defaulted on its obligations, and a receiver is appointed to use the company’s assets to pay off the creditors.
Reference: Oxford Press Dictonary of Economics, 5th edt.
The situation when a company has defaulted on its obligations, and a receiver is appointed to use the company’s assets to pay off the creditors.
Reference: Oxford Press Dictonary of Economics, 5th edt.