receivership Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “receivership” in the English Dictionary

"receivership" in British English

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receivershipnoun [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.
(Definition of receivership from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"receivership" in Business English

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receivershipnoun [U]

uk   us   /rɪˈsiːvəʃɪp/
LAW a ​situation in which a ​bankruptcompany is under the ​control of a receiver: Within ​hours of the ​business going into receivership, a ​bid was made for its ​wholesalebusiness. collapse/​fall/be ​forced into receivershipbe in/under receivership Many ​sectors of the ​economy have ​companies that are in receivership.put/place sth in receivership A ​federaljudge has threatened to ​place the ​agency in receivership if ​improvements are not made.buy/sell sth out of receivership Fellow ​boardmembersbacked Reichmann when he ​bought the ​company out of receivership. administrative/​court/​voluntary receivership
(Definition of receivership from the Cambridge Business English Dictionary © Cambridge University Press)
Translations of “receivership”
in Chinese (Simplified) 破产管理, 破产在管…
in Chinese (Traditional) 破産管理, 破産在管…
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