receivership Definition
re·ceiv·er·ship (-s̸hip′)
noun
- Law the duties or office of a receiver
- the state of being administered or held by a receiver
receivership Finance Definition
An
administrative stage in which a company that is in the midst of bankruptcy
proceedings attempts to put its affairs in order with the help of a
court-appointed trustee. A company is said to be in receivership if it is
attempting to avoid liquidation.
receivership Law Definition
n
The situation of being in the control of a receiver;
functioning as a corporate- or court-appointed receiver; the proceeding at
which a receiver is appointed by the court. See also bankruptcy.
receivership Usage Examples
Preposition: of
company: However events, not least the General Strike and its associated prolonged coal strike and the receivership of both colliery companies, intervened.
Converse of object
- include: We can help you with looking after the affairs of relatives who are unable to manage their own affairs, including Receiverships.
- abolish: The Enterprise Act 2002, which is expected to come into force in mid 2003, abolishes administrative receiverships for new security.
- see: Indeed the large number of receiverships seen in the early 1990's have now fallen dramatically as banks strive to help viable companies survive.
Adjective modifier
- administrative: The company went into administrative receivership on 26 September 2002.
- private: Interest rates are low, stock markets are rising and the total number of private equity receiverships fell in 2005.
- fixed: Support for Banks and other Mortgagees We can offer lenders expert and strategic advice on all aspects of property-based recovery and fixed charge receivership.
- royal: In 1291 Fountains had debts amounting to almost £ 7000 and the abbey was once again taken into royal receivership.
- voluntary: Fast Track went into voluntary receivership in March 1998.
Modifies a noun
- appointment: We believe this was because most administrative receivership appointments are made with the support of the company's directors.
- order: A receivership order may be made in respect of one or more cells.
- account: Account Fee This fee covers the cost of collecting and passing receivership accounts and from 1 April 2005 is £ 100.
- application: In what circumstances should a receivership application be made?
- case: At 31 March 1999 the recorded debt for private receivership cases was more than £ 2.7 million.
- fee: The Public Trust Office provides for bad debts on private receivership fees only where the patient has been deceased for three years.
Noun used with modifier
charge: Support for Banks and other Mortgagees We can offer lenders expert and strategic advice on all aspects of property-based recovery and fixed charge receivership.
Browse dictionary entries near receivership
- ‹ receiver
- ‹ Received Standard
- ‹ Received Pronunciation
- ‹ received
- ‹ receive
- ‹ receivables
- ‹ receivable
- ‹ receipts
- ‹ receiptor
- ‹ receipted

