Legal Dictionary of Pakistan

Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.

Receivership

1. The state or condition of being in the control of a receiver. 2. The position or function of being a receiver appointed by a court or under a statute. 3. A proceeding in which a court appoints a receiver.

dry receivership

See RECEIVERSHIP

dry receivership.

A receivership in which there is no equity available to pay general creditors.

expenses of receivership

Expenses incurred by a receiver in conducting the business, including rent and fees incurred by the receiver's counsel and by any master, appraiser, and auditor.