🔤 Receivership ✨
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URDU
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Roman Urdu:
adalati intizam, qarz daar idare ka nigran ke zair hona, mali nigraani
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ENGLISH
📚noun
receivership
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PRONUNCIATION
Standard: /rɪˈsiːvərʃɪp/
Phonetic: /ree see vur ship/
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DEFINITION
legal control of a business by an appointed receiver, financial administration during insolvency
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EXAMPLE SENTENCES
The struggling company entered receivership after failing to repay its major debts.
A court appointed an administrator to manage the firm’s receivership.
Employees feared losing their jobs when the factory entered receivership.
Receivership protects creditors while the business’s financial affairs are examined.
The bank requested receivership after negotiations with the owners collapsed.
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SYNONYMS
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ANTONYMS
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