receivership
English
Etymology
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Noun
receivership (countable and uncountable, plural receiverships)
- (law) The office and duties of a receiver.
- (law) The state of being under the control of a receiver.
- (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
state of being under the control of a receiver
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trusteeship in bankruptcy
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