Receivership definition

rĭ-sēvər-shĭp
The office or functions of a receiver.
noun
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The state of being held by a receiver.

The company went into receivership.

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(law) The duties or office of a receiver.
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The state of being administered or held by a receiver.
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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.
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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.
noun
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(law) The office and duties of a receiver.
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(law) The state of being under the control of a receiver.
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(law, business) A form trusteeship of bankruptcy administration in which a receiver is appointed to run the company for the benefit of the creditors.
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Other Word Forms

Noun

Singular:
receivership
Plural:
receiverships

Origin of receivership

Receivership Sentence Examples

  • If the person acting on the claimant's behalf has power of attorney or receivership they need not apply to become an appointee.

  • The Center will open toward the end of 2006 although we have recently heard that unfortunately the main building contactor has gone into receivership.

  • Administrative Receivership New provisions prohibit a floating charge holder from appointing an Administrative Receiver, subject to certain exceptions.

  • 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.

  • The company went into administrative receivership on 26 September 2002.

More sentences

Related articles

Words near receivership in the Dictionary