Receivership is used to denote a situation in which an institution or enterprise is being held by a receiver.
Several regulatory entities have been granted power by the Congress to place banking and financial institutions into receivership. The
Office of the Comptroller of the Currencyfor failing nationally-chartered commercial banks, the Office of Thrift Supervisionfor Savings and loan associations (thrift institutions), and the Federal Housing Finance Agency(FHFA), for government sponsored enterprises(GSEs) such as Fannie Maeand Freddie Macand the 12 Federal Home Loan Banks. Most individual states also have granted receivership authority to their own bank regulatory agencies, and insurance regulators.
* [http://www.fdic.gov/bank/historical/reshandbook/index.html Resolutions Handbook of the Federal Deposit Insurance Corporation]
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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 Merria … Law dictionary
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