receivership

[ ri-see-ver-ship ]
/ rɪˈsi vərˌʃɪp /

noun Law.

the condition of being in the hands of a receiver.
the position or function of being a receiver in charge of administering the property of others.

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Origin of receivership

First recorded in 1475–85; receiver + -ship
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2020

Example sentences from the Web for receivership

British Dictionary definitions for receivership

receivership
/ (rɪˈsiːvəʃɪp) /

noun law

the office or function of a receiver
the condition of being administered by a receiver
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012