receivership









receivership


noun Law.

  1. the condition of being in the hands of a receiver.
  2. the position or function of being a receiver in charge of administering the property of others.

noun law

  1. the office or function of a receiver
  2. the condition of being administered by a receiver
n.

late 15c., “office of a receiver” (of public revenues), from receiver + -ship. As “condition of being under control of a receiver,” 1884.

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