RECEIVERSHIP
receivership
(noun) the office of a receiver
receivership
(noun) a court action that places property under the control of a receiver during litigation so that it can be preserved for the benefit of all
receivership
(noun) the state of property that is in the hands of a receiver; “the business is in receivership”
Source: WordNet® 3.1
Etymology
Noun
receivership (countable and uncountable, plural receiverships)
(legal) The office and duties of a receiver.
(legal) The state of being under the control of a receiver.
(legal, business) A form trusteeship of bankruptcy administration in which a receiver is appointed to run the company for the benefit of the creditors.
Source: Wiktionary
Re*ceiv"er*ship, n.
Definition: The state or office of a receiver.
Source: Webster’s Unabridged Dictionary 1913 Edition