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

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