receivership

[ri-see-ver-ship]

noun

Law.

1. the condition of being in the hands of a receiver.

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

receivership

/ rɪˈsiːvəʃɪp /

noun

1. the office or function of a receiver

2. the condition of being administered by a receiver

Word History and Origins

Origin of receivership¹

First recorded in 1475–85; receiver + -ship

Example Sentences

At the request of lenders, a judge appointed Trigild, a receivership service, to take control of the 1 million-square-foot property, the Real Deal reported.

From Los Angeles Times

“I don’t believe a receivership approach will be successful without changes to the staff and the employment agreement that governs how these halls operate.”

From Los Angeles Times

County’s juvenile halls in ‘receivership,’ effectively wrestling control of the youth halls away from the L.A.

From Los Angeles Times

In a statement, Bonta said he will ask a judge to place the county’s halls in “receivership,” meaning a court-appointed official would take over “management and operations of the juvenile halls” from the L.A.

From Los Angeles Times

County’s juvenile halls in receivership, which would effectively remove them from the county’s control.

From Los Angeles Times