receivership
5
8.1
- noun
- /rɪˈsiːvərʃɪp/
- Formal
:
administración judicial
- Matchbox was in receivership in the UK and had failed.
- court receivership
And that led them to fall into FDIC receivership on Sunday.
- And that led them to fall into FDIC receivership on Sunday.
- And then the lender will go through the foreclosure proceedings, find a receiver and then go through receivership.
Examples
-
Washington Mutual receivership gets bought by Chase, Countrywide, Merrill Lynch, both purchased by Bank of America, Wachovia bought by Wells Fargo.
-
The dubious distinction, many believe, goes to the District of Columbia, whose system has been in court receivership since 1995.
Academic text (1997) -
Ted has a business in receivership.
-
Insurance Corp. of America was placed in receivership in March 1997.
Academic text (1998) -
And that led them to fall into FDIC receivership on Sunday.
-
Well, father died recently, and the house and grounds had to go into receivership because we couldn't pay the death duties.
-
Kia's creditors filed for court receivership.
-
Midopa will file for composition tomorrow, but if the creditors reject, they will be forced to go into receivership.
-
The receivership lasted until 1990, but the State of Michigan continued to oversee Ecorse's finances for another ten years thereafter.
Academic text (2017) -
The company was placed in receivership due to its mounting financial debts.
How Final
- Formal
20
6.8
- Specialized
15
7.3
- Formal
5
8.1
54
4.2
Surface Forms
Morphology
Etymology
Receivership comes from receive, an old word meaning 'to take' or 'to get', with the ending -ship meaning 'a state' or 'situation'. So, receivership is the situation when a receiver is given control to take and manage a company's assets.