Receivership — definition

1. receivership (Noun)

receivership (Noun) — The state of property that is in the hands of a receiver. ex. "the business is in receivership"

receivership (Noun) — (law) a court action that places property under the control of a receiver during litigation so that it can be preserved for the benefit of all.

receivership (Noun) — The office of a receiver.

berth billet legal proceeding office place position post proceeding proceedings situation spot state