How to Pronounce "receivership"
word
ɹiˈsivɝˌʃɪp/, /ɹɪˈsivɝˌʃɪp
ri-SEE-ver-ship
ɹɪsˈiːvəʃˌɪp
ri-SEE-vuh-ship
Definition
Receivership is a legal situation where an outside person (a receiver) is appointed to manage and control a company or property, usually because of financial trouble or bankruptcy.
IPA Transcription
American English
ɹiˈsivɝˌʃɪp/, /ɹɪˈsivɝˌʃɪp
British English
ɹɪsˈiːvəʃˌɪp
Simplified Pronunciation
US
ri-SEE-ver-ship
UK
ri-SEE-vuh-ship
Listen in Context
The company went into receivership after years of financial trouble.
The court appointed a receiver to manage the business during receivership.
Many jobs were saved when the company was under receivership.
Their assets are frozen while they're in receivership, so they can't sell anything.