Receiver Definition.

A receiver definition is a legal document that defines the powers and duties of a receiver appointed by a court to manage the affairs of a company or individual. The receiver definition will set out the scope of the receiver’s authority, and will usually specify that the receiver is charged with taking control of the … Read more

Long-Term Liabilities Definition.

Long-term liabilities are a company’s financial obligations that are not due within the next 12 months. Long-term liabilities are usually non-interest bearing, and are often used to finance long-term investments and expansion. Why do companies have long term debt? Companies have long term debt for a variety of reasons. Some companies use long term debt … Read more