receivershipnoun [ U ]
uk/rɪˈsiː.və.ʃɪp/us/rɪˈsiː.vɚ.ʃɪp/a situation in which a company is controlled by the receiver because it has no money:
Since January over a hundred companies have been forced into receivership.
Thesaurus: synonyms and related words
Success & failure in business
- administration
- axe
- bankrupt
- bankruptcy
- branch
- branch out
- collapse
- establish
- fold
- foreclose
- growing pains
- joint venture
- liquidate
- liquidator
- locate
- moribund
- official receiver
- organic growth
- shut (sth) down
- spin
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Borrowing & lending