receivership

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

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


RECEIVERSHIP Defined for English Language Learners

receivership

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

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


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


Learn More about receivership


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