receivership
1. [ noun ] (law) 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
Related terms: proceeding law
2. [ noun ] the state of property that is in the hands of a receiver
Examples:

"the business is in receivership"

Related terms: state
3. [ noun ] (work,business) the office of a receiver
Related terms: position