The entity receiving a transaction.

Merriam-Webster Online Dictionary
receiver (noun)
one that as - receives
a) - treasurer
b) (1) a person appointed to hold in trust and administer property under litigation
(2) a person appointed to settle the affairs of a business involving a public interest or to manage a corporation during reorganization
c) one that receives stolen goods - fence
d) a device for converting signals (as electromagnetic waves) into audio or visual form as
(1) a device in a telephone for converting electric impulses or varying current into sound
(2) a radio receiver with a tuner and amplifier on one chassis
e) (1) - catcher
(2) a member of the offensive team in football eligible to catch a forward pass