Receivership is when a person or organization takes temporary control of another person's or company's financial affairs to manage, protect, and possibly sell their assets to pay off debts or resolve financial problems. Full definition
After a review of the schools in receivership in New York State last year, two failed to show significant progress and one of them was in Rochester. (wxxinews.org)
Weltbild (no «e») went into receivership in early 2014 and is just reemerging with the loss of some 200 shops and loads of staff. (goodereader.com)
The function of CPR 69 was to set out a procedural code applicable to the generality of receiverships of all types. (newlawjournal.co.uk)