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 Bonds said only housing agencies in some form of receivership were eligible for the HUD funding. Carole Carlson, chicagotribune.com, "GHA receives $8.6 million HUD grant for Dorie Miller, Delaney demolition," 30 Dec. 2020 At that point they should have been placed in receivership. The Editorial Board, WSJ, "The Fannie and Freddie Conundrum," 8 Dec. 2020 Crime was high, the city was just a few years out of bankruptcy, and the school system had recently emerged from state receivership. Shane Bauer, The New Yorker, "How a Deadly Police Force Ruled a City," 16 Nov. 2020 In April 2019, the Baltimore Business Journal reported that the indebted hotel had been placed into receivership. Christine Condon, baltimoresun.com, "Holiday Inn closes in downtown Baltimore," 30 Oct. 2020 The unit was placed into receivership and Renault SA purchased a majority stake in 2000. Sohee Kim, Bloomberg.com, "Lee Kun-hee, Korean Icon Who Transformed Samsung, Dies at 78," 25 Oct. 2020 The administrator at the for-profit facility, which is currently in receivership, declined to comment. The Enquirer, "COVID-19: Six Southwest Ohio nursing homes facing current outbreaks," 26 Apr. 2018 In 2017, the system was declared insolvent and placed in receivership. Peter Elkind, ProPublica, "Investors Extracted $400 Million From a Hospital Chain That Sometimes Couldn’t Pay for Medical Supplies or Gas for Ambulances," 30 Sep. 2020 Four ambulatory surgical centers owned by affiliates of Advanced Pain Management and joint-venture partners also have not filed for receivership. Guy Boulton, Milwaukee Journal Sentinel, "Advance Pain Management to wind down operations of its ambulatory surgical centers," 23 Sep. 2020

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.

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First Known Use of receivership

15th century, in the meaning defined at sense 1

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Time Traveler for receivership

Time Traveler

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

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Statistics for receivership

Last Updated

7 Jan 2021

Cite this Entry

“Receivership.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/receivership. Accessed 16 Jan. 2021.

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More Definitions for receivership

receivership

noun
How to pronounce receivership (audio)

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

Britannica.com: Encyclopedia article about receivership

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