receivership

American  

[ri-see-ver-ship] / rɪˈsi vərˌʃɪp /

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.

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receivership British  

/ rɪˈsiːvəʃɪp /

noun

1. the office or function of a receiver

2. the condition of being administered by a receiver

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Etymology

Origin of receivership

First recorded in 1475–85; receiver + -ship

Example Sentences

After failing to clear the encampment, the county pushed for evictions in the condominium and has filed for receivership.

From The Wall Street Journal • May 1, 2026

In 2020 the building was placed into receivership as it was undergoing a multi-million renovation.

From BBC • Apr. 8, 2026

In 2017, that business lost a lawsuit against a shareholder and went into receivership.

From Barron's • Mar. 2, 2026

The judge later declined to put Los Angeles’ homelessness programs into receivership, even as he concluded that the city failed to adhere to the settlement.

From Los Angeles Times • Jan. 30, 2026

On the night of Thursday, May 5, officials of the National Cordage Company, a trust that controlled 80 percent of America’s rope production, placed itself in receivership.

From "The Devil in the White City" by Erik Larson