(1) The office of a receiver
(2) 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 state of property that is in the hands of a receiver
"The business is in receivership"
- The office and duties of a receiver.
- The state of being under the control of a receiver.
- A form of bankruptcy administration in which a receiver is appointed to run the company for the benefit of the creditors.