WordUpWordupPerson

Receivership

usgb/rɪˈsiːvərʃɪp/Volume
Left Definition 1 of 1Right
LampPro Tip 1/3

Legal Process

Receivership is a legal process and involves the court.

Illustration for Legal Process
Due to severe financial problems, the court ordered the company into receivership.
LampPro Tip 2/3

Not Bankruptcy

Receivership is different from bankruptcy, though they both deal with debt issues.

Illustration for Not Bankruptcy
While the company was in receivership, they tried to avoid filing for bankruptcy.
LampPro Tip 3/3

Court-Appointed Manager

A receiver is a person the court appoints to oversee the company.

Illustration for Court-Appointed Manager
A receiver took control of the assets during the period of receivership.
Word comparison image

Compare with

AdministrationControlCustodyManagementOversightStewardshipSupervisionTrusteeship
Look up Compare with
Visual representation of the word "Receivership"

Never forget "Receivership"

Humans forget easily. That's why you should download WordUp: Smart reminders, word games, AI practice, and much more!

App Store IconGoogle Play Store IconMicrosoft Store IconHuawei Store Icon
Left
Right,
Chrome

WordUp Chrome Extension

As you browse the web instantly look up words you don’t know.

Get Chrome Extension
Back to top