noun
succession; inheritance; taking over
Primarily used in legal and business contexts for the transfer of rights, obligations, property, or a business from one party to another. Often implies a formal or statutory process.
会社の権利義務を継受する。
To succeed to the rights and obligations of the company.
事業の継受には契約が必要だ。
A contract is necessary for the succession of the business.
Compound of 継 (continuation, succession) and 受 (receive). The exact historical derivation is uncertain, but the term is used in modern legal and business Japanese.