A court bond guaranteeing the performance of receivers and managers appointed by the Chancery Division of the High Court. The receivers and managers may deal with the preservation of property or collection revenue arising from property. Receivership may arise: pending litigation; during the minority of an infant; to prevent dissipation of assets by persons having immediate or partial interest in it, or to whom it is entrusted by law. The Chancery division fixes the amount of the guarantee and the remuneration of the receiver.