Examples of receivership in a Sentence
Years of financial difficulty eventually placed the company into receivership.
Recent Examples of receivership from the Web
Two school systems under state receivership, Holyoke and Southbridge, would see aid increase by a mere 0.2 percent.
In 2016, the city sued Mohammad Choudry and succeeded in having his 76 properties placed in receivership.
The $1 fine is because the facility is in receivership, DPH said.
Now the city plans to take the owner to court in order to put the building in a receivership so someone can buy the property and fix it up, Hall said.
The Cedar Unified School District, a one-school district in Navajo County, is the only district currently in receivership.
Five schools have gone into receivership since 2015, according to the State Board of Education.
Hamtramck's finances have been in receivership December 2014.
Bertsch, in more than five decades as a public and private accountant, has been a chief financial officer for casinos and handled receiverships.
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.
Financial Definition of RECEIVERSHIP
What It Is
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.
RECEIVERSHIP Defined for English Language Learners
Definition of receivership for English Language Learners
law : the state of a business that has been placed under the control of a receiver because it is bankrupt
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