Definition of receivership noun from the Oxford Advanced Learner's Dictionary



BrE BrE//rɪˈsiːvəʃɪp//
; NAmE NAmE//rɪˈsiːvərʃɪp//
[uncountable] (law) Running a business
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the state of a business being controlled by an official receiver because it has no money Five hundred jobs were lost when the company went into receivership last year. Her company has been in receivership for six months now. See related entries: Running a business
See the Oxford Advanced American Dictionary entry: receivership