What does receivership mean?

Definitions for receivership
rɪˈsi vərˌʃɪpre·ceiver·ship

Here are all the possible meanings and translations of the word receivership.

Princeton's WordNet

  1. receivershipnoun

    the state of property that is in the hands of a receiver

    "the business is in receivership"

  2. receivershipnoun

    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

  3. receivershipnoun

    the office of a receiver

Wiktionary

  1. receivershipnoun

    The office and duties of a receiver.

  2. receivershipnoun

    The state of being under the control of a receiver.

  3. receivershipnoun

    A form trusteeship of bankruptcy administration in which a receiver is appointed to run the company for the benefit of the creditors.

Webster Dictionary

  1. Receivershipnoun

    the state or office of a receiver

Freebase

  1. Receivership

    In law, receivership is the situation in which an institution or enterprise is being held by a receiver, a person "placed in the custodial responsibility for the property of others, including tangible and intangible assets and rights." The receivership remedy is an equitable remedy that emerged in the English Chancery courts, where receivers were appointed to protect real property. Receiverships are also a remedy of last resort in litigation involving the conduct of executive agencies that fail to comply with constitutional or statutory obligations to populations that rely on those agencies for their basic human rights. Various types of receiver appointments exist: ⁕a receiver appointed by a regulator pursuant to a statute; ⁕a privately appointed receiver; and ⁕a court-appointed receiver. The receiver's powers "flow from the document underlying his appointment – a statute, financing agreement, or court order.

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Numerology

  1. Chaldean Numerology

    The numerical value of receivership in Chaldean Numerology is: 1

  2. Pythagorean Numerology

    The numerical value of receivership in Pythagorean Numerology is: 2

Examples of receivership in a Sentence

  1. Colin Shelley:

    I presume it went into receivership because the partners can't work together to put in money to revive it.

  2. Mohammed Dewji:

    Sisal used to be the white gold of Tanzania, in the 60's and 70's our country produced over 200,000 tonnes of sisal, huge employment was provided, then of course synthetics came in, and the prices of Sisal started falling tremendously, so in the late 90's I bought a lot of farms under receivership. And I said: 'look, I mean the price cannot go further down,' so I took a long-term view.

Images & Illustrations of receivership

  1. receivershipreceivershipreceivershipreceivershipreceivership

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receivership#10000#62434#100000

Translations for receivership

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