Nolo's Plain-English Law Dictionary

Receivership

The process of appointment by a court of a receiver to take custody of the property, business, rents and profits 1) of a party to a lawsuit pending a final decision or 2) an agreement that a receiver control the financial receipts of a debtor for the benefit of creditors.
NOLO-web3:DRU1.6.8.27.20160928.41205