/rɪˈsivərˌʃɪp/ – Noun
Definition: 1. trách nhiệm quản lý các khoản thu;
2. quy chế của người được chỉ định quản lý tài sản của người bị vỡ nợ hay tài sản tranh chấp.
A more thorough explanation: Receivership is a legal status in which a court appoints an individual or entity, known as a receiver, to take control of and manage the assets, operations, and finances of a company or property that is in financial distress or facing legal action. The receiver acts as a neutral third party to protect the interests of creditors, investors, or other stakeholders involved in the situation.
Example: The company was placed into receivership after failing to meet its financial obligations.