receivership

Estimated CEFR level: C2 — Proficiency

Estimated from word frequency; not an official CEFR classification.

Definition

noun the state of property that is in the hands of a receiver
noun 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
noun the office of a receiver

From receiver + -ship.

"He calculates," said Jim, "that if he begins operations, he can have receiverships and things of that kind in his interest, and in that way swipe the salvage. — Aladdin & Co.: A Romance of Yankee Magic, Herbert Quick
According to this scheme of things, strenuous support of “the King’s cause” would earn a title, a bishopric, a judgeship, or a receivership in the customs or excise. — William Pitt and national revival, J. Holland (John Holland) Rose
But an Arbitration being blown towards him by some unaccountable wind, and he gaining great credit in it as one indefatigable in seeking out right and doing right, a pretty fat Receivership was next blown into his pocket by a wind more traceable to its source. — The Mystery of Edwin Drood, Charles Dickens

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