Related to Receivership: liquidation. In corporate bankruptcy, a situation in which a court or regulator appoints a custodian to administer all assets and debts. This custodian is known as a receiver; his/her duty is to pay off as many debts as possible as cheaply as possible. One obvious way to do this is to liquidate the company, but this is not always done. The receiver may restructure the company to put it on a path toward solvency.
Offer document. Offer document means Prospectus in case of a public issue or offer for sale and Letter of offer in case of a rights issue, which is filed with the Registrar of Companies (ROC) and Stock Exchanges. An offer document covers all the relevant information to help an investor to make his/her investment decision.
Contract document that describes the good or service to be obtained, and on the basis of which a procurement action is initiated. When combined with specifications, statement-of-work, and data requirement list, it comprises the procurement request package and forms the basis for an invitation to bid (ITB). Also called procurement directive.