receivership

[ ri-see-ver-ship ]

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.

receivership

/ rɪˈsiːvəʃɪp /

noun

1. the office or function of a receiver
2. the condition of being administered by a receiver

Word History and Origins

Origin of receivership¹

First recorded in 1475–85; receiver + -ship

Example Sentences

One day earlier, Dayson approved the AG office’s request that Casa Ruby be placed under receivership.

From Washington Blade

The judge’s order came one day after she approved the AG office’s request that Casa Ruby be placed under receivership and two weeks after the judge approved the AG’s request that all of Casa Ruby’s bank and credit card accounts be frozen.

From Washington Blade

Among those who spoke at the virtual hearing was Casa Ruby founder and former executive director Ruby Corado, who said she did not oppose a limited receivership order.

From Washington Blade

Comber told Dayson at Wednesday’s virtual court hearing that the AG’s office did not object to her decision to postpone a ruling on the request for a receivership order.

From Washington Blade

By 1910, the company had fallen into receivership, and by 1913, the holding company it had reorganized under, the United States Motor Company, a conglomerate meant to take on General Motors, had collapsed completely.

From Popular-Science

I am convinced by what I have read that the next thing I will hear is that Fox is in receivership!

From The Daily Beast

All across the country, banks had failed, railroads had gone into receivership, farms had foreclosed, and jobs had disappeared.

From The Daily Beast

Aaron Logan got his order for receivership before his public went frantic and while cash was yet available.

From Project Gutenberg

The receivership was closed and the administration of the road was restored to the Cleveland and Pittsburg Company.

From Project Gutenberg

Then came a letter from a brother lawyer who was looking after some details of the receivership.

From Project Gutenberg

And a measure which would insure the running of the plant under a temporary receivership would, of course, do it.

From Project Gutenberg

It looked as if it might have to go into receivership, even though at that moment its stock had reached well above par.

From Project Gutenberg