conservatorship

[ kuhn-sur-vuh-ter-ship ]

Phonetic (Standard)IPA

noun

the position of being a conservator, especially a person who repairs, restores, or maintains the condition of objects in a museum, library, etc.:
The program will give participants an opportunity to get a feel for the level of precision and care necessary for a career in museum conservatorship.
Law. an agreement or order under which one person or entity controls the personal and financial affairs of another, such as a minor or someone who is considered legally incapable of managing their own affairs:
She's under a court-approved conservatorship that oversees every significant purchase and every key decision that she wants to make.
Law. an agreement whereby a business or financial entity is placed under the control of another entity, usually temporarily and often as a result of prior or impending failure:
This week, a bipartisan coalition in the legislature is demanding that the agency’s leaders be replaced and the agency be put under an independent conservatorship.

That conservatorship expired, however, this month and, almost immediately a source tells TMZ, “Things started going haywire.”

On Feb. 1, 2008, a Los Angeles probate judge granted the conservatorship and issued a restraining order against Lutfi.

The judge granted both the conservatorship and the restraining order.

In his book, Dennis argued that the turning point for Spears was when her father intervened and placed her in a conservatorship.

"It makes you wonder whether the conservatorship is accomplishing anything on behalf of taxpayers," Grassley said in an email.

It is but just to Seor Contrras to remark that the Poet's picture was sketched before the date of his admirable conservatorship.

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