receivership vs situation

receivership and situation both are nouns.

Word	Noun	Adjective	Verb	Adverb
receivership	Yes	No	No	No
situation	Yes	No	No	No

As nouns, situation is a hypernym of receivership; that is, situation is a word with a broader meaning than receivership:

Other hypernyms of receivership include berth, office, place, position, post.

receivership (noun)	situation (noun)
the office of a receiver	a job in an organization
a court action that places property under the control of a receiver during litigation so that it can be preserved for the benefit of all	physical position in relation to the surroundings
the state of property that is in the hands of a receiver	the general state of things; the combination of circumstances at a given time
	a condition or position in which you find yourself
	a complex or critical or unusual difficulty