receivership (n.)

mid-14c., receivour (mid-13c. as a surname, probably in the "government clerk" sense), "a recipient; a receiver (of stolen goods); person who knowingly harbors criminals," also "government official appointed to collect or receive money due," agent noun from receive, or from Old French recevere (Modern French receveur), agent noun from recievere.

From late 14c. as "receptacle, container." As a telephone apparatus, from 1877; in reference to a radio unit, from 1891; in U.S. football sense, from 1897. Middle English also has receitour in the sense "receiver of stolen goods" (late 14c.); also compare receptor.

word-forming element meaning "quality, condition; act, power, skill; office, position; relation between," Middle English -schipe, from Old English -sciepe, Anglian -scip "state, condition of being," from Proto-Germanic *-skepi- (cognates: Old Norse -skapr, Danish -skab, Old Frisian -skip, Dutch -schap, German -schaft), from *skap- "to create, ordain, appoint," from PIE root *(s)kep-, forming words meaning "to cut, scrape, hack" (see shape (v.)). It often forms abstracts to go with corresponding concretes (friend/friendship, etc.).