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English definition of “receivership”

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receivership

noun [U] uk   /rɪˈsiː.və.ʃɪp/ us    /-vɚ-/
a situation in which a company is controlled by the receiver because it has no money: Since January over a hundred companies have been forced into receivership.
Translations of “receivership”
in Chinese (Traditional) 破産管理, 破産在管…
in Chinese (Simplified) 破产管理, 破产在管…
(Definition of receivership from the Cambridge Advanced Learners Dictionary & Thesaurus © Cambridge University Press)
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