Receivership Definition

rĭ-sēvər-shĭp
noun
The duties or office of a receiver.
Webster's New World
The state of being administered or held by a receiver.
Webster's New World

The situation of being in the control of a receiver; functioning as a corporate- or court-appointed receiver; the proceeding at which a receiver is appointed by the court. See also bankruptcy.

Webster's New World Law

(law, business) A form trusteeship of bankruptcy administration in which a receiver is appointed to run the company for the benefit of the creditors.

Wiktionary

Other Word Forms of Receivership

Noun

Singular:
receivership
Plural:
receiverships

Origin of Receivership

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receivership