Liquidator: meaning, definitions and examples

This term is often used in legal and financial contexts where a person or entity is responsible for winding up the affairs of a company that is closing down, distributing its assets to creditors, and dissolving the company.

• 'The liquidator assessed the company's assets to determine how to distribute them
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This word is generally used in broader contexts to describe someone who manages or is in charge of the day-to-day operations of an organization, be it a business, educational institution, or other entities.

• 'The school administrator organized the annual festival
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Receivers are appointed to manage the financial assets and property of a company that is facing bankruptcy, primarily to recover any outstanding debt owed to creditors.

• 'The receiver took control of the company's assets to pay off creditors
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A trustee is someone who holds and manages assets or property for the benefit of another party under a trust agreement. This term is common in legal, financial, and estate planning contexts.

• 'The trustee managed the estate according to the terms of the will
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