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receivership
noun
re·ceiv·er·ship
ri-ˈsē-vər-ˌship
1
: the office or function of a receiver
2
: the state of being in the hands of a receiver
Examples of receivership in a Sentence
Years of financial difficulty eventually placed the company into receivership.
Recent Examples on the Web
Catch up quick: The crisis began last month when the State Board of Education learned that the Isaac School District was massively over budget and moved quickly to place the district into receivership.
—
Jeremy Duda, Axios, 4 Feb. 2025
This past week, the third major Hartford office tower in recent months went into receivership.
—
Jay Sloves, Hartford Courant, 3 Feb. 2025
The investigation that was launched and resulted in receivership in 2006 was also for ballot shortages at Boston polling places — that year for the November state election where former Gov. Deval Patrick was elected.
—
Gayla Cawley, Boston Herald, 8 Nov. 2024
But the two-story, 1.1-million-square-foot mall fell into receivership in 2021 after failing to pay its debts.
—
Catherine Muccigrosso, Charlotte Observer, 31 Jan. 2025
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Word History
First Known Use
15th century, in the meaning defined at sense 1
Time Traveler
The first known use of receivership was
in the 15th century
Dictionary Entries Near receivership
Cite this Entry
“Receivership.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/receivership. Accessed 21 Feb. 2025.
Kids Definition
receivership
noun
re·ceiv·er·ship
ri-ˈsē-vər-ˌship
1
: the office or role of a receiver
2
: the state of being in the control of a receiver
Legal Definition
receivership
noun
re·ceiv·er·ship
ri-ˈsē-vər-ˌship
1
: the office or function of a receiver
2
: a proceeding in which a receiver is appointed
3
: the state of being in the hands of a receiver compare bankruptcy
More from Merriam-Webster on receivership
Britannica.com: Encyclopedia article about receivership
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