Receivership - definition, pronunciation, transcription
Amer.
|rɪˈsiːvərʃɪp|
Brit.
|rɪˈsiːvəʃɪp|
noun
- the state of property that is in the hands of a receiver
- the office 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
Extra 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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