Receivership


Receivership

Receivership is used to denote a situation in which an institution or enterprise is being held by a receiver.

United States

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 Currency for failing nationally-chartered commercial banks, the Office of Thrift Supervision for Savings and loan associations (thrift institutions), and the Federal Housing Finance Agency (FHFA), for government sponsored enterprises (GSEs) such as Fannie Mae and Freddie Mac and the 12 Federal Home Loan Banks. Most individual states also have granted receivership authority to their own bank regulatory agencies, and insurance regulators.

ee also

* Conservatorship
* receiver (legal)

External links

* [http://www.fdic.gov/bank/historical/reshandbook/index.html Resolutions Handbook of the Federal Deposit Insurance Corporation]


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Look at other dictionaries:

  • 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


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