Noun | 1. | receivership - the state of property that is in the hands of a receiver; "the business is in receivership" state - the way something is with respect to its main attributes; "the current state of knowledge"; "his state of health"; "in a weak financial state" |
2. | receivership - 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 legal proceeding, proceeding, proceedings - (law) the institution of a sequence of steps by which legal judgments are invoked law, jurisprudence - the collection of rules imposed by authority; "civilization presupposes respect for the law"; "the great problem for jurisprudence to allow freedom while enforcing order" | |
3. | receivership - the office of a receiver |