receivership
re|ceiv|er|ship /rɪs'iːvərʃɪp/ (receiverships)
[N-VAR] oft in/into N
If a company goes into receivership, it faces financial failure and the administration of its business is handled by the receiver. (BUSINESS)
The company has now gone into receivership with debts of several million...
[N-VAR] oft in/into N
If a company goes into receivership, it faces financial failure and the administration of its business is handled by the receiver. (BUSINESS)
The company has now gone into receivership with debts of several million...