RECEIVERSHIP
Scrabble letter values: R1E1C3E1I1V4E1R1S1H4I1P3 = 22
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.
Examples
- “the business is in receivership”