receivership
/rɪˈsiːvəʃɪp/noun
उच्चारण रिसीवशिप
रिसीवरशिप, (कंपनी का) प्रापक के अधीन होना
Advanced word
noun
- 1
[U] law
the situation of a company that is being managed by an official receiver because it cannot pay its debts
रिसीवरशिप, (कंपनी का) प्रापक के अधीन होना
- The airline went into receivership last year.
- The firm was placed in receivership with debts of over ₹200 crore.
Synonyms bankruptcy insolvency
≈Synonyms and antonyms
Synonyms
§Grammar and usage
Usage: we say that a company goes into receivership or is in receivership.
Usage में कहा जाता है कि कोई company goes into receivership या is in receivership।