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receivership

noun C2
  1. The office and duties of a receiver. (countable, uncountable)
  2. The state of being under the control of a receiver. (countable, uncountable)
  3. A form of trusteeship of bankruptcy administration in which a receiver is appointed to run the company for the benefit of the creditors. (countable, uncountable)

Plural receiverships

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Words, meanings, pronunciations and translations from Wiktionary (CC BY-SA 4.0); how common each word is from wordfreq. Made into this dictionary by FluentPlex.