/ˌæd.mɪˈnɪ.strə.tɪv ɹɪˈsiː.və.ʃɪp/ – Phrase
Definition: Quyền quản lý tài sản cho mục đích thực hiện nghĩa vụ tài chính.
A more throughout explanation: when a court appoints a person, called an administrative receiver, to control all of the assets and business of a company which cannot pay its debts (=money owed)
Example: Before becoming a solicitor, she worked as a manager at a limited
company under administrative receivership.