Terminus [ Zwangsverwaltung ]

Definition 1
Die Geschäftsaufsicht 28) nach § 83 BWG eröffnet einer Bank im Rahmen eines gerichtlichen Verfahrens die Möglichkeit, die Geschäfte unter Aufsicht weiterzuführen, um das Risiko der Neueinleger während der Sanierungsversuche zu minimieren. Die Geschäftsaufsicht kann bei voraussichtlich behebbarer Insolvenz (Zahlungsunfähigkeit oder Überschuldung) sowohl vom Kreditinstitut als auch von der Finanzprokuratur beantragt werden. "Alte Forderungen" dürfen während der Geschäftsaufsicht nicht sichergestellt oder beglichen werden (§ 86 Abs 3 BWG) 29) , um einen Sonderfonds für die Neuforderungen zu gewinnen.
http://www.raiffeisenblatt.at/eBusiness/rai_template1/0,7572,121810312645017022-121809748930559302_224315576960465422-230315696816280300-NA-1-NA,00.html (20.01.2006)

Definition 1
The term applied when a person is appointed as an administrative receiver (=A licensed insolvency practitioner appointed by the holder of a floating charge covering the whole, or substantially the whole, of a company’s property. He can carry on the company’s business and sell the business and other assets comprised in the charge to repay the secured and preferential creditors. Sometimes abbreviated to receiver.). Commonly abbreviated to receivership.
http://www.hwca.com/business_recovery/glossary.htm (7.2.2003)

Kontext 1
§ 83 (1) Credit institutions that are overindebted or insolvent may, in case the overindebtedness or insolvency is likely to be cured, apply for receivership with the court competent for the initiation of bankruptcy proceedings.
ABA99

Definition 1
The legal procedure provided by statute for the interim management of financial institutions used by the FDIC and RTC. Under the pass-through receivership method, after the failure of a savings institution, a new institution is chartered and placed under agency conservatorship; the new institution assumes certain liabilities and purchases certain assets from the receiver of the failed institution. Under a straight conservatorship, the FDIC or RTC may be appointed conservator of an open, troubled institution. In each case, the conservator assumes responsibility for operating the institution on an interim basis in accordance with the applicable laws of the federal or state authority that chartered the new institution. Under a conservatorship, the institution's asset base is conserved pending the resolution of the conservatorship. [FDIC] The state of being under the control of a conservator. A conservatorship affects the control and operation of an institution or company but does not alter its ownership.
http://www.garlic.com/~lynn/fingloss.htm (7.2.2003)