Noun
The state or office of a receiver.
Source: Webster's dictionary1. The artist may construct the piece. 2. The piece may be fabricated. 3. The piece need not be built. Each being equal and consistent with the intent of the artist the decision as to condition rests with the receiver upon the occasion of receivership. Lawrence Weiner
the business is in receivership Source: Internet
A Canadian electronics company, Automatic Electronic Systems, had introduced a product in 1972, but went into receivership a year later. Source: Internet
An application for an order of liquidation has been filed in a Travis County, Texas, district court for a Houston-based nonstandard auto insurer now in receivership. Source: Internet
A variation of that is merging the Minneapolis Police Department into the sheriff’s office or putting the former under some type of receivership with another jurisdiction. Source: Internet
Associated Telephone Investment was dissolved but not before its parent's financial plight had become irreversible, and in 1933, Associated Telephone Utilities went into receivership. Source: Internet