receiver-ship

receivership

[ri-see-ver-ship]
noun Law.
1.
the condition of being in the hands of a receiver.
2.
the position or function of being a receiver in charge of administering the property of others.

Origin:
1475–85; receiver + -ship

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Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
receivership (rɪˈsiːvəʃɪp)
 
n
1.  the office or function of a receiver
2.  the condition of being administered by a receiver

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