receivership
noun
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Definition of receivership
Examples of receivership in a Sentence
Recent Examples on the Web
The Illinois Department of Insurance placed the companies in receivership. — Author: Marc Fisher, Jonathan O'connell, Anchorage Daily News, "For 30 years, prosecutors and victims tried to hold Jeffrey Epstein to account. At every turn, he slipped away.," 10 Aug. 2019 Harborplace, which is struggling with vacancies and management problems, has been in receivership since May 30. — Lorraine Mirabella, baltimoresun.com, "Banana Republic closing store at troubled Harborplace," 2 Aug. 2019 The four-story brick building, which dates to the 1960s, was previously owned by Shaker Square Development Corp. Yosemite bought it out of receivership last May for $740,000, according to property records. — Jordyn Grzelewski, cleveland.com, "Cleveland won them over: Former Florida couple invest in revitalizing Buckeye-Shaker neighborhood," 21 July 2019 The road is in receivership and under the supervision of attorney Matthew McGowan. — USA TODAY, "Retired monkeys, freeze-dried blood, ‘Hidden Figures Way’: News from around our 50 states," 14 June 2019 The announcement comes after news last week that Harborplace has been put into receivership. — Oyin Adedoyin, baltimoresun.com, "LandShark Bar & Grill, a Jimmy Buffett-themed restaurant, coming to Harborplace," 11 June 2019 One possibility is receivership, in which the federal Department of Housing and Urban Development or an independent receiver would take over the authority. — WSJ, "NYCHA to Open Land to Developers to Raise $3 Billion for Fixes," 12 Dec. 2018 Apiscent was formed by a group that bought Fontarome Chemical Inc. out of receivership for $2.5 million in 2014. — Rick Romell, Milwaukee Journal Sentinel, "St. Francis chemical business lands in receivership for second time in four years," 22 June 2018 The Union Pacific Railway entered receivership in 1893. — James Freeman, WSJ, "When Banks Bailed Out the Government," 3 Aug. 2018These example sentences are selected automatically from various online news sources to reflect current usage of the word 'receivership.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
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More Definitions for receivership
receivership
nounFinancial Definition of receivership
What It Is
Receivership is a form of bankruptcy in which a court-appointed trustee reorganizes the bankrupt entity.
How It Works
In a receivership, a receiver takes custody of the company's property and operations. A court appoints the receiver.
The receiver's job is to pay down as much debt as possible. This usually means selling company assets, laying off employees and liquidating inventories.
Why It Matters
Companies that are in receivership are at the mercy of the receiver. In fact, the receivers control the company, making decisions large and small, and the receivers have court-appointed authority to do so. Accordingly, companies that are in receivership are usually on their last legs.
Source: Investing Answers
receivership
noun
English Language Learners Definition of receivership
See the full definition for receivership in the English Language Learners Dictionary
receivership
noun
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