Definition of "conservatorship" [conservatorship]

• The legal status of a conservator, similar to guardianship or trusteeship. (noun)
• The state of being under the control of a conservator. (noun)

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• "The idiot thinks placing them in conservatorship is the same as giving them big chunks of bailout cash to do with as they please like giving million dollar bonuses to the guys who created the problem."
• "When Fannie and Freddie were placed in conservatorship two years ago, Bush administration officials believed that it only needed to pledge $100 billion to each company to keep them afloat."
• "I have commented before on prominent lawyers involved in conservatorship abuse and how one of their front guys now has an attorney-in-charge position in the AG's office."