Simple Definition of receivership
law : the state of a business that has been placed under the control of a receiver because it is bankrupt
Full Definition of receivership
1 : the office or function of a receiver
2 : the state of being in the hands of a receiver
Examples of receivership in a sentence
Years of financial difficulty eventually placed the company into receivership.
First Known Use of receivership
Rhymes with receivership
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Learn More about receivership
Britannica.com: Encyclopedia article about receivership
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