receivership

re·ceiv·er·ship

noun \ri-ˈsē-vər-ˌship\

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

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

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

receivership

noun    (Concise Encyclopedia)

In law, state of being in the hands of a receiver, a person appointed by the court to administer, conserve, rehabilitate, or liquidate the assets of an insolvent corporation for the protection or relief of creditors. It is a legal solution to a financial difficulty; it does not necessarily entail the termination of the corporate charter. See also bankruptcy, insolvency.