receivership

receivership
re·ceiv·er·ship /ri-'sē-vər-ˌship/ n
1: the office or function of a receiver
2: a proceeding in which a receiver is appointed
3: the state of being in the hands of a receiver compare bankruptcy

Merriam-Webster’s Dictionary of Law. . 1996.

receivership
Under Part III of the Insolvency Act 1986, a receiver is appointed by a lender with a charge or mortgage over the company's assets (usually the bank) who, in consequence, of failure to receive payment, wishes the receiver to sell the assets to produce funds to repay the debt.

Easyform Glossary of Law Terms. — UK law terms.


receivership
n.
The state of an insolvent business or person whose property has been put under the care of a receiver for management, preservation, and distribution at the end of a lawsuit; the equitable proceeding in which a receiver is appointed.

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.


receivership
The process of appointment by a court of a receiver to take custody of the property, business, rents and profits
1) of a party to a lawsuit pending a final decision or
2) an agreement that a receiver control the financial receipts of a debtor for the benefit of creditors.
Category: Bankruptcy, Foreclosure & Debt → Bankruptcy
Category: Representing Yourself in Court
Category: Small Claims Court & Lawsuits

Nolo’s Plain-English Law Dictionary. . 2009.

receivership
A generic term to describe the situation where an individual (receiver) is appointed to take control of a debtor's property. The purpose of receivership is to enable the sale of the secured asset.
For further information, see the Insolvency Service website: .
Related links

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.


receivership
n. The situation of being in the control of a receiver; functioning as a corporate- or court-appointed receiver; the proceeding at which a receiver is appointed by the court.
See also bankruptcy.

Webster's New World Law Dictionary. . 2000.


receivership
A court order whereby all the property subject to dispute in a legal action is placed under the dominion and control of an independent person known as a receiver.

Dictionary from West's Encyclopedia of American Law. 2005.


receivership
A court order whereby all the property subject to dispute in a legal action is placed under the dominion and control of an independent person known as a receiver.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

receivership
n.
   the process of appointment by a court of a receiver to take custody of the property, business, rents and profits of a party to a lawsuit pending a final decision on disbursement or an agreement that a receiver control the financial receipts of a person who is deeply in debt (insolvent) for the benefit of creditors. Thus, the term "the business is in receivership."
   See also: receiver

Law dictionary. . 2013.

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Look at other dictionaries:

  • Receivership — is used to denote a situation in which an institution or enterprise is being held by a receiver.United StatesSeveral regulatory entities have been granted power by the Congress to place banking and financial institutions into receivership. The… …   Wikipedia

  • Receivership — Re*ceiv er*ship, n. The state or office of a receiver. [1913 Webster] …   The Collaborative International Dictionary of English

  • receivership — (n.) late 15c., from RECEIVER (Cf. receiver) + SHIP (Cf. ship) …   Etymology dictionary

  • receivership — ► NOUN ▪ the state of being managed by an official receiver …   English terms dictionary

  • receivership — [ri sē′vərship΄] n. 1. Law the duties or office of a receiver 2. the state of being administered or held by a receiver …   English World dictionary

  • receivership — the legal condition a company is placed in when an official receiver is appointed to investigate and manage its affairs. Glossary of Business Terms * * * receivership re‧ceiv‧er‧ship [rɪˈsiːvəʆɪp ǁ vər ] noun [uncountable] LAW FINANCE when a… …   Financial and business terms

  • receivership — n. 1) to put a firm into receivership 2) in receivership * * * [rɪ siːvəʃɪp] in receivership to put a firm into receivership …   Combinatory dictionary

  • receivership — /ri see veuhr ship /, n. Law. 1. the condition of being in the hands of a receiver. 2. the position or function of being a receiver in charge of administering the property of others. [1475 85; RECEIVER + SHIP] * * * In law, state of being in the… …   Universalium

  • receivership — re|ceiv|er|ship [rıˈsi:vəʃıp US vər ] n [U] if a business is in receivership, it is controlled by an official receiver because it has no money ▪ The company went into receivership with massive debts …   Dictionary of contemporary English

  • receivership — [[t]rɪsi͟ːvə(r)ʃɪp[/t]] 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. The company has now gone into receivership with debts of …   English dictionary

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