receivership
ri see ver ship
- n the state of property that is in the hands of a receiver
the business is in receivership - n 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
- n the office of a receiver
- He has announced that he will contest the proposed receivership.
- Twelve years later it was again reorganized but escaped receivership.
- Memories of a titan returned to Wall Street last week when Florida East Coast Railway was placed in receivership and control of the road passed from the estate of the titan's .