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 current operator of West Suburban Medical Center will remain in place for now, after a Cook County judge rejected a request Monday to place the hospital in receivership. —Lisa Schencker, Chicago Tribune, 1 June 2026

The firm offers services across investment strategy, portfolio management, and a specialized receivership consulting model designed to manage art assets during periods of transition. —Daniel Fusch, USA Today, 29 May 2026

Understanding the financial spiral that state receivership brings in the event of insolvency motivates me. —Mercury News & East Bay Times Editorial Boards, Mercury News, 26 May 2026

His legal team said the $600,000 is based on a public number of the receivership for Murdaugh’s defense. —Devon M. Sayers, CNN Money, 18 May 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