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- nounreceivership (noun) · receiverships (plural noun)
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- Receivership is the state or function of being in the hands of a receiver, a person who has custodial responsibility for the property, business, and assets of others, especially when they cannot meet their financial obligations or are involved in a lawsuit1234. A receivership is a process that is put in place to protect a company and manage its financial and operating decisions5.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Definition of receivership 1 : the office or function of a receiver 2 : the state of being in the hands of a receiverwww.merriam-webster.com/dictionary/receivershipNoun 1. receivership - the state of property that is in the hands of a receiver; "the business is in receivership"www.thefreedictionary.com/receivershipt e In law, receivership is a situation in which an institution or enterprise is held by a receiver —a person "placed in the custodial responsibility for the property of others, including tangible and intangible assets and rights"—especially in cases where a company cannot meet its financial obligations and is said to be ...en.wikipedia.org/wiki/Receivershipreceivership n. the process of appointment by a court of a receiver to take custody of the property, business, rents and profits of a party to a lawsuit pending a final decision on disbursement or an agreement that a receiver control the financial receipts of a person who is deeply in debt (insolvent) for the benefit of ...legal-dictionary.thefreedictionary.com/ReceivershipIn general, a receivership is a process that is put in place to protect a company. A period of receivership may be thought of as a protective umbrella for a troubled company. During this time, A "receiver," or trustee, steps in to manage the entire company, its assets, and all financial and operating decisions.www.investopedia.com/terms/r/receivership.asp
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