Receivership - definition, pronunciation, transcription

Amer.  |rɪˈsiːvərʃɪp|  American pronunciation of the word receivership
Brit.  |rɪˈsiːvəʃɪp|  British pronunciation of the word receivership

noun

- the state of property that is in the hands of a receiver

the business is in receivership

- 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 office of a receiver

Examples

Years of financial difficulty eventually placed the company into receivership.

The company went into receivership with massive debts.

In 1912 the company went into receivership.

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