Noun: receivership ri'see-vu(r),ship
- The state of property that is in the hands of a receiver
"the business is in receivership"
- (law) 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
"The failing business was placed in receivership to protect its assets"
- The office of a receiver
"The failing company was placed in receivership to manage its debts"
Derived forms: receiverships
Type of: berth, legal proceeding, office, place, position, post, proceeding, proceedings, situation, state
Encyclopedia: Receivership