receivership

noun
re·​ceiv·​er·​ship | \ ri-ˈsē-vər-ˌship How to pronounce receivership (audio) \

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.

Recent Examples on the Web

The Illinois Department of Insurance placed the companies in receivership. Author: Marc Fisher, Jonathan O'connell, Anchorage Daily News, "For 30 years, prosecutors and victims tried to hold Jeffrey Epstein to account. At every turn, he slipped away.," 10 Aug. 2019 Harborplace, which is struggling with vacancies and management problems, has been in receivership since May 30. Lorraine Mirabella, baltimoresun.com, "Banana Republic closing store at troubled Harborplace," 2 Aug. 2019 The four-story brick building, which dates to the 1960s, was previously owned by Shaker Square Development Corp. Yosemite bought it out of receivership last May for $740,000, according to property records. Jordyn Grzelewski, cleveland.com, "Cleveland won them over: Former Florida couple invest in revitalizing Buckeye-Shaker neighborhood," 21 July 2019 The road is in receivership and under the supervision of attorney Matthew McGowan. USA TODAY, "Retired monkeys, freeze-dried blood, ‘Hidden Figures Way’: News from around our 50 states," 14 June 2019 The announcement comes after news last week that Harborplace has been put into receivership. Oyin Adedoyin, baltimoresun.com, "LandShark Bar & Grill, a Jimmy Buffett-themed restaurant, coming to Harborplace," 11 June 2019 One possibility is receivership, in which the federal Department of Housing and Urban Development or an independent receiver would take over the authority. WSJ, "NYCHA to Open Land to Developers to Raise $3 Billion for Fixes," 12 Dec. 2018 Apiscent was formed by a group that bought Fontarome Chemical Inc. out of receivership for $2.5 million in 2014. Rick Romell, Milwaukee Journal Sentinel, "St. Francis chemical business lands in receivership for second time in four years," 22 June 2018 The Union Pacific Railway entered receivership in 1893. James Freeman, WSJ, "When Banks Bailed Out the Government," 3 Aug. 2018

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'receivership.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

See More

First Known Use of receivership

15th century, in the meaning defined at sense 1

Keep scrolling for more

Learn More about receivership

Statistics for receivership

Last Updated

12 Sep 2019

Look-up Popularity

Time Traveler for receivership

The first known use of receivership was in the 15th century

See more words from the same century

Keep scrolling for more

More Definitions for receivership

receivership

noun

Financial Definition of receivership

What It Is

Receivership is a form of bankruptcy in which a court-appointed trustee reorganizes the bankrupt entity.

How It Works

In a receivership, a receiver takes custody of the company's property and operations. A court appoints the receiver.

The receiver's job is to pay down as much debt as possible. This usually means selling company assets, laying off employees and liquidating inventories.

Why It Matters

Companies that are in receivership are at the mercy of the receiver. In fact, the receivers control the company, making decisions large and small, and the receivers have court-appointed authority to do so. Accordingly, companies that are in receivership are usually on their last legs.

Source: Investing Answers

receivership

noun

English Language Learners Definition of receivership

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

receivership

noun
re·​ceiv·​er·​ship | \ ri-ˈsē-vər-ˌship How to pronounce receivership (audio) \

Legal Definition of receivership

1 : the office or function of a receiver
2 : a proceeding in which a receiver is appointed
3 : the state of being in the hands of a receiver — compare bankruptcy

More from Merriam-Webster on receivership

Rhyming Dictionary: Words that rhyme with receivership

Britannica.com: Encyclopedia article about receivership

Comments on receivership

What made you want to look up receivership? Please tell us where you read or heard it (including the quote, if possible).

WORD OF THE DAY

to fake an opponent out of position

Get Word of the Day daily email!

Test Your Vocabulary

Where in the World? A Quiz

  • peter bruegel tower of babel painting
  • What language does pajama come from?
Spell It

Can you spell these 10 commonly misspelled words?

TAKE THE QUIZ
Citation

Test Your Knowledge - and learn some interesting things along the way.

TAKE THE QUIZ
Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!