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Receivership

Receiver
Friend

The part of a telephone that you hold to your ear and mouth.

or

A person who officially deals with the business matters of companies who cannot pay their debts.

Ship
ship

A large vessel that floats on water.

Receiver + Ship

Receivership
friendship

When a company is controlled by the receiver (see above) because it has no money.

 

Example Sentence:-

"During the recession a lot of companies have gone into receivership."

 

English Vocabulary