Receivership

[rɪ'siːvəʃɪp] or [rɪ'sivɚʃɪp]

(noun.) the office of a receiver.

(noun.) 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.

(noun.) the state of property that is in the hands of a receiver; 'the business is in receivership'.

Typist: Lucinda--From WordNet

(n.) The state or office of a receiver.

Typed by Anton

Editor: Vlad