Law The state of being held by a receiver: The company went into receivership. (noun)
American Heritage(R) Dictionary of the English Language, Fifth Edition. Copyright (c) 2011 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
Use "receivership" in a sentence
"CONAN: And I wonder, the owner of the Rangers - well, the team was in receivership just this summer, was it not?"
"He said he could not place an SDI in receivership because it could cause 100 banks to fail."
"Randy Wray and I have proposed a step that would demonstrate the president's complete repudiation of Summers 'strategy and a return to the rule of law: Place Bank of America in receivership for its tens of billions of dollars in fraudulent loans and its multitude of foreclosure frauds."