1. To obtain something (from someone) in some particular capacity of for some particular reason. I received this watch as a gift for my 50 years of service to the company. We received a large payment from the government as an investment in our project.

2. To admit, welcome, or accept someone in a particular manner or capacity. Typically followed by "guest." I'm willing to receive you as a guest as a favor to my wife, but do not think that this courtesy extends any further than this evening. The embassy plans on receiving the former rebel leader as a guest of honor.