receivership

noun

re·​ceiv·​er·​ship ri-ˈsē-vər-ˌship 

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 brand had entered receivership in June as the founders sought to disentangle themselves from fashion development platform Tomorrow London Group, the brand’s majority shareholder and exclusive distributor since 2019. — Lily Templeton, Footwear News, 4 Nov. 2026

But following a spate of safety issues and the pandemic, in June 2021, Epicentre fell into receivership after defaulting on an $85 million loan from lender Deutsche Bank Trust Co. — Charlotte Observer, 4 Nov. 2026

The city previously approved potentially using the receivership process to put control of the property into the hands of another entity that could advance redevelopment. — Chris Higgins, Kansas City Star, 20 Oct. 2026

In a statement, Corene Kendrick, an American Civil Liberties Union attorney who represents prisoners in the lawsuit, applauded the court’s refusal to delay the takeover, also known as a receivership. — Jacques Billeaud, Los Angeles Times, 2 Oct. 2026

Word History

First Known Use

15th century, in the meaning defined at sense 1

Rhymes for receivership

• apostleship
• apprenticeship
• assistantship
• championship
• chancellorship
• citizenship
• companionship
• copartnership
• dictatorship
• directorship
• discipleship
• editorship

Kids Definition

receivership

noun

re·​ceiv·​er·​ship ri-ˈsē-vər-ˌship 

1

: the office or role of a receiver

2

: the state of being in the control of a receiver

Legal Definition

receivership

noun

re·​ceiv·​er·​ship ri-ˈsē-vər-ˌship 

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