receivership
pronunciation
How to pronounce receivership in British English:
UK [rɪˈsi:vəʃɪp]
How to pronounce receivership in American English:
US [rɪˈsivərʃɪp]
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- Noun:
- the state of property that is in the hands of a receiver
- a court action that places property under the control of a receiver during litigation so that it can be preserved for the benefit of all
- the office of a receiver
Word Origin
- receivership (n.)
- late 15c., "office of a receiver" (of public revenues), from receiver + -ship. As "condition of being under control of a receiver," 1884.
Example
- 1. The obama administration and fed last week proposed new authority for government officials to seize and unwind large , complex financial institutions in a similar way that the federal deposit insurance corp.takes failed banks into receivership .
- 2. ' If a federal agency had had such tools on sept.16 , they could have been used to put aig into conservatorship or receivership , unwind it slowly , protect policyholders , and impose haircuts on creditors and counterparties as appropriate , ' mr. bernanke said .
- 3. Create a comprehensive policy called the financial company resolution act , that would be allowed to put any financial company into receivership , not just ' systemically ' important ones .
- 4. This means it will have the unenviable tasks of managing the systemic risk resulting from the failure of these institutions and then managing it in receivership .