receivership

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English[edit]

Etymology[edit]

receiver +‎ -ship

Noun[edit]

receivership (plural receiverships)

  1. (law) The office and duties of a receiver.
  2. (law) The state of being under the control of a receiver.
  3. (law, business) A form trusteeship of bankruptcy administration in which a receiver is appointed to run the company for the benefit of the creditors.

Translations[edit]