Read along with the three podcasts, or open the full dictionary entry for Receivership for the definition, Arabic meaning, synonyms and example sentences.
Narrator: Today's word is "Receivership" — noun, pronounced /rɪˈsiːvəʃɪp/, with the stress on "cei".
Narrator: Receivership is the situation of a business controlled by an official receiver because it cannot pay its debts.
Narrator: In plain English, it is when a failing company is handed to someone else to manage.
Narrator: It joins receiver with the suffix -ship, meaning a state or condition.
Narrator: A common collocation is "go into receivership", which describes a company entering this state.
Narrator: It differs from "liquidation", because liquidation closes a company, while receivership may save or sell it.
Narrator: In a second sense, property can be put in receivership to protect it during a legal dispute.
Narrator: Law, banking, accounting and business journalism all rely on the word.
Narrator: So remember: receivership is a failing company under outside control.
Speaker A: Why is the local shop closing?
Speaker B: The chain went into RECEIVERSHIP! It's receiver plus -ship.
Speaker A: So it's bankrupt?
Speaker B: Close, but it may still be sold.
Speaker A: Example sentences?
Speaker B: "The club went into receivership", sport news. "Jobs were lost in the receivership", an impact. "Receivership was the lenders' last resort", finance.
Speaker A: Common mistakes?
Speaker B: Say "go into receivership" or "be placed in receivership", not "go to receivership".
Speaker A: Close relatives?
Speaker B: Administration is its cousin, insolvency its twin, and liquidation an alternative — yet receivership keeps its sober charm!
Speaker B: Let's use "receivership" in AI prompts — useful for finance explainers and risk alerts.
Speaker A: How for explainers?
Speaker B: Compare terms.
Prompt: Explain the difference between receivership, administration and liquidation in a table.
Speaker A: And risk alerts?
Speaker B: Watch suppliers.
Prompt: Write an alert rule that flags any supplier that enters receivership.
Speaker A: Could it help staff?
Speaker B: Yes, for FAQs.
Prompt: Write an FAQ for employees whose company has gone into receivership.
Speaker A: One more?
Speaker B: A customer notice.
Prompt: Draft a notice telling customers how orders will be handled during receivership.
Receivership — meaning in Arabic & definition More R courses GL Dictionary