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Receivership - Meaning, Definition & English Examples

Receivership is a legal process where a receiver is appointed to manage a company’s assets, typically during financial distress, to protect creditors’ interests or facilitate restructuring.

receivership

/rɪˈsiːvərʃɪp/ /rɪˈsiːvəʃɪp/

Definition:

A legal state where a company's assets are managed by a receiver due to insolvency.

Synonyms:

administration, bankruptcy, liquidation, insolvency

Part of Speech:

noun

Antonyms:

solvency, profitability

Common Collocations:

enter receivership, place in receivership, under receivership, file for receivership

Derivatives:

receiver, receive

Usage Tips:

Use "receivership" to describe a company's financial state when controlled by a court-appointed receiver.

Common Phrases:

go into receivership, forced into receivership, emerge from receivership

Etymology:

Derived from "receiver," from Old French *receivre*, and "-ship," denoting state or condition.

Examples:

  • 1. The company entered receivership after failing to pay its debts.
  • 2. The court appointed a manager to oversee the business during receivership.
  • 3. Many employees lost their jobs when the firm went into receivership.
  • 4. The store hopes to emerge from receivership next year.

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