Receivership (noun)

  1. The state of being in charge of receiving something again.
  2. The state of being in charge of managing something that is in the process of being received.

Origin:

From the prefix "re-" meaning "again" or "back" and the word "receivership" which means "the state of being in charge of receiving something".

Examples:

  1. The company was put into receivership after it went bankrupt.
  2. The property was put into receivership due to unpaid taxes.
  3. The bank appointed a receiver to take charge of the assets of the company.
  4. The court appointed a receiver to take control of the assets of the debtor.
  5. The receivership was established to protect the assets of the company until a buyer could be found.
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