receivership

noun

re·​ceiv·​er·​ship ri-ˈsē-vər-ˌship How to pronounce receivership (audio)
1
: the office or function of a receiver
2
: the state of being in the hands of a receiver

Examples of receivership in a Sentence

Years of financial difficulty eventually placed the company into receivership.
Recent Examples on the Web Co-founder and CEO Dave Marver resigned in November 2019, the company's board of directors voted to place it in receivership the following month, and more than 100 employees were laid off in an attempt to avoid bankruptcy. Dave Skretta, USA TODAY, 17 Jan. 2024 As of Friday evening, the FDIC had yet to reach a decision on putting First Republic into receivership, people with direct knowledge of the matter said. Hannah Levitt, Fortune, 30 Apr. 2023 Gina Champion-Cain launches a $400M Ponzi scheme that ensnares her closest friends Sept. 1, 2022 Freitag’s status update, filed in federal court, noted that the first $21 million in payments from the receivership were sent out May 6. Lori Weisberg, San Diego Union-Tribune, 21 Dec. 2023 The trust financially imploded earlier this year with conditions so dire that its 29 buildings were pushed into receivership. Liam Dillon, Los Angeles Times, 28 Dec. 2023 One option that has been floated is liquidating public media bodies and placing them into receivership. Kate Brady, Washington Post, 11 Dec. 2023 Earlier this year, Skid Row Housing Trust, once hailed as a model for supportive housing, financially collapsed, leading the city to push its 29 properties into receivership. Liam Dillon, Los Angeles Times, 20 Nov. 2023 The receivership has been starved for funds in part because the buildings get little rental income. Liam Dillon, Los Angeles Times, 4 Dec. 2023 One at-risk coal company, ERP Environmental Fund, was in such bad shape, the auditors noted, that West Virginia regulators convinced a local judge to put the company into receivership, a move that avoided bankruptcy but left the future of its unreclaimed sites unclear. Ken Ward Jr., ProPublica, 1 Dec. 2023

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'receivership.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

First Known Use

15th century, in the meaning defined at sense 1

Time Traveler
The first known use of receivership was in the 15th century

Dictionary Entries Near receivership

Cite this Entry

“Receivership.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/receivership. Accessed 29 Mar. 2024.

Kids Definition

receivership

noun
re·​ceiv·​er·​ship ri-ˈsē-vər-ˌship How to pronounce receivership (audio)
1
: the office or role of a receiver
2
: the state of being in the control of a receiver

Legal Definition

receivership

noun
re·​ceiv·​er·​ship ri-ˈsē-vər-ˌship How to pronounce receivership (audio)
1
: the office or function of a receiver
2
: a proceeding in which a receiver is appointed
3
: the state of being in the hands of a receiver compare bankruptcy

More from Merriam-Webster on receivership

Last Updated: - Updated example sentences
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