Receivership

Definitions

1. The office and duties of a receiver.
   countable, uncountable
2. The state of being under the control of a receiver.
   countable, uncountable
3. A form trusteeship of bankruptcy administration in which a receiver is appointed to run the company for the benefit of the creditors.
   countable, uncountable

Equivalents

Examples

“The capital cost⟳ in 1915-1927 of equipping 924 miles of track put⟳ the Milwaukee into a receivership from which it took a long time to recover⟳; and in view⟳ of the length of line electrified it is surprising that a current of 1,500V d.c. was chosen rather than the Pennsylvania 11,000V a.c.”

CEFR level