re ‧ ceived /rɪˈsiːvd/ BrE AmE adjective [only before noun]
[ Word Family: noun : ↑ receipt , receipts, ↑ receiver , ↑ reception , ↑ receivership , ↑ receiving , ↑ receptionist , ↑ receptor ; adjective : ↑ receptive ≠ UNRECEPTIVE , ↑ received ; verb : ↑ receive ]
formal accepted or considered to be correct by most people
received opinion/wisdom etc (=the opinion most people have)
The received wisdom is that he will retire within the next year.