Synonyms for

Receivership

Verb / rɪˈsi:vɜ:ˌʃɪp / / ri:ˈsi:vɜ:ˌʃɪp / Another word for receivership — explore alternatives below. For syllable breakdowns and pronunciation, see this word on Syllablesworld.

Definition

Receivership is the state or position of being under the control of a receiver, who is a person appointed by a court to manage the affairs and assets of a company or organization in financial difficulty.

Synonyms & similar words

administration bankruptcy control custody management oversight supervision trusteeship stewardship care charge government hands keeping conduct direction guidance regulation rule superintendence

Example sentences

  1. The company was forced into receivership due to its financial problems.
  2. The receiver was responsible for managing the company's assets and finances.
  3. During the receivership, the company's operations were closely monitored.
  4. The court appointed a receiver to oversee the troubled organization.
  5. Receivership is often a last resort when a company is unable to meet its financial obligations.

Quotes

  • In the receivership of the estate of a bankrupt, the assignees represent the creditors.
  • Receivership is not a remedy in the case of a corporation which is not insolvent.
  • The receiver in a receivership is an officer of the court.

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