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receivership

   Also found in: Dictionary/thesaurus, Legal, Financial, Wikipedia 0.04 sec.

receivership

In law, state of being in the hands of a receiver, a person appointed by the court to administer, conserve, rehabilitate, or liquidate the assets of an insolvent corporation for the protection or relief of creditors. It is a legal solution to a financial difficulty; it does not necessarily entail the termination of the corporate charter. See also bankruptcy, insolvency.
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? Mentioned in ? References in classic literature
 
But an Arbitration being blown towards him by some unaccountable wind, and he gaining great credit in it as one indefatigable in seeking out right and doing right, a pretty fat Receivership was next blown into his pocket by a wind more traceable to its source.
The Mystery of Edwin Drood by Dickens, Charles View in context
"Pardieu, sire," he suddenly said, "I must tell you that there is a receivership of the royal prerogatives vacant, and that I have a nephew.
Notre-Dame de Paris by Hugo, Victor View in context
"There'll be temporary receiverships, of course," Daylight advised; "but they won't bother none or last long.
Burning Daylight by London, Jack View in context
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