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Meaning of receivership

re•ceiv•er•ship

Pronunciation: (ri-sē'vur-ship"), [key]
— 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.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.
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