Definitions
American Heritage® Dictionary of the English Language, Fourth Edition
- n. Law The office or functions of a receiver.
- n. Law The state of being held by a receiver: The company went into receivership.
Century Dictionary and Cyclopedia
- n. The office of a receiver of public money, or of money or other property in litigation: the collection and care of funds awaiting final distribution by legal process.
Wiktionary
- n. law The office and duties of a receiver.
- n. law The state of being under the control of a receiver.
- n. law, business A form trusteeship of bankruptcy administration in which a receiver is appointed to run the company for the benefit of the creditors.
GNU Webster's 1913
- n. The state or office of a receiver.
WordNet 3.0
- n. the office of a receiver
- n. the state of property that is in the hands of a receiver
- n. 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
Etymologies
- receiver + -ship (Wiktionary)
Examples
“CONAN: And I wonder, the owner of the Rangers - well, the team was in receivership just this summer, was it not?”
“He said he could not place an SDI in receivership because it could cause 100 banks to fail.”
“Randy Wray and I have proposed a step that would demonstrate the president's complete repudiation of Summers 'strategy and a return to the rule of law: Place Bank of America in receivership for its tens of billions of dollars in fraudulent loans and its multitude of foreclosure frauds.”
“Any bank not too big to fail would have been in receivership months ago.”
“Place the banks in receivership, fire the managers, zero out the shareholders, pay off the insured depositors with public funds, seize and sell any assets, and re-privatize the banks.”
“The zombie banks must be placed in receivership before the economy can work properly again.”
“Banks can continue to operate just fine in receivership while those details are worked out.”
“Bank of America executive Rebecca Mairone, in response to calls for the federal government to put the nation's largest bank into receivership, is boasting that Bank of America has performed well under the Obama administration's Home Affordable Modification Program.”
The Huffington Post: Bank Of America Boasts About Its Poor HAMP Performance
“Detroit Mayor Dave Bing may even have to put the city in receivership by October 1st or lay off 1,000 city workers.”
Financial Dispatch: Pres. Obama urges investment in high-tech education
“Making a profit and not falling into government receivership is now unconstitutional.”
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