receivership Meaning, Definition & Usage

  1. noun the state of property that is in the hands of a receiver
    • the business is in receivership
  2. noun 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. noun the office of a receiver

WordNet

Re*ceiv"er*ship noun
Definitions
  1. The state or office of a receiver.

Webster 1913