receivership

noun

re·​ceiv·​er·​ship ri-ˈsē-vər-ˌship 

1

: the office or function of a receiver

2

: the state of being in the hands of a receiver

Examples of receivership in a Sentence

Years of financial difficulty eventually placed the company into receivership.

Recent Examples on the Web

Meanwhile, the future of Y/Project is up in the air after the brand was placed into receivership on Sept. 26, following the death of cofounder Gilles Elalouf and the departure of creative director Glenn Martens. —Joelle Diderich, WWD, 16 Dec. 2024

Listen to this article Two Boston city councilors are pressing Secretary of State William Galvin to follow through on his threat to place the Boston Election Department into receivership for its Election Day missteps that left polling places short on ballots. —Gayla Cawley, Boston Herald, 8 Nov. 2024

Eighteen months ago, with nonprofit owner Skid Row Housing Trust on the verge of collapse, Mayor Karen Bass and other city leaders pushed the buildings into receivership. —Liam Dillon, Los Angeles Times, 5 Nov. 2024

However, in 1931 Lea was convicted of banking violations and The Tennessean was placed in receivership two years later. —Jennifer Lindahl, The Tennessean, 30 Aug. 2024

Word History

First Known Use

15th century, in the meaning defined at sense 1

Kids Definition

receivership

noun

re·​ceiv·​er·​ship ri-ˈsē-vər-ˌship 

1

: the office or role of a receiver

2

: the state of being in the control of a receiver

Legal Definition

receivership

noun

re·​ceiv·​er·​ship ri-ˈsē-vər-ˌship 

1

: the office or function of a receiver

2

: a proceeding in which a receiver is appointed

3

: the state of being in the hands of a receiver compare bankruptcy