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receivership

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noun re·ceiv·er·ship \ri-ˈsē-vər-ˌship\

Simple Definition of receivership

  • law : the state of a business that has been placed under the control of a receiver because it is bankrupt

Source: Merriam-Webster's Learner's Dictionary

Full Definition of receivership

  1. 1 :  the office or function of a receiver

  2. 2 :  the state of being in the hands of a receiver

Examples of receivership in a sentence

  1. Years of financial difficulty eventually placed the company into receivership.



15th Century

First Known Use of receivership

15th century

Rhymes with receivership

accountantship, acquaintanceship, apostleship, apprenticeship, artisanship, assistantship, attorneyship, championship, chancellorship, citizenship, commandership, companionship, containership, cross-ownership, dictatorship, directorship, discipleship, editorship, factory ship, Freudian slip, good-fellowship, guardianship, headmastership, instructorship, landownership, laureateship, managership, median strip, musicianship, ombudsmanship, one-upmanship, outdoorsmanship, overlordship, partisanship, potato chip, professorship, protectorship, rejection slip, relationship, run a tight ship, shoot from the hip, stiff upper lip, survivorship, treasurership


Law Dictionary

receivership

play
noun re·ceiv·er·ship \ri-ˈsē-vər-ˌship\

Legal Definition of receivership

  1. 1 :  the office or function of a receiver

  2. 2 :  a proceeding in which a receiver is appointed

  3. 3 :  the state of being in the hands of a receiver — compare bankruptcy




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