receivership Definition
the state of a business or organization that is being managed by an official receiver because it is in financial difficulties.
Using receivership: Examples
Take a moment to familiarize yourself with how "receivership" can be used in various situations through the following examples!
Example
The company was placed in receivership last year.
Example
The bank took over the property after the owners went into receivership.
Example
The receivership process can be lengthy and complicated.
receivership Synonyms and Antonyms
Synonyms for receivership
Summary: receivership in Brief
'Receivership' [rɪˈsiːvəʃɪp] refers to the state of a business or organization that is being managed by an official receiver due to financial difficulties. It is often associated with bankruptcy, insolvency, and liquidation. Examples include 'The company was placed in receivership last year,' and 'The receivership process can be lengthy and complicated.'
