receivership

 [ri-see-ver-ship]  

re·ceiv·er·ship

   [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.
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Origin:
1475–85; receiver + -ship
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2012.
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Receivership is always a great word to know.
So is distress. Does it mean:
defamation by oral utterance rather than by writing
the legal seizure and detention of the goods of another as security or satisfaction for debt
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Collins
World English Dictionary
receivership (rɪˈsiːvəʃɪp)
 
—n
1.  the office or function of a receiver
2.  the condition of being administered by a receiver

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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