Two government-sponsored enterprises in Sylvenia, a European country, are involved in buying, reselling, and guaranteeing home mortgages. When these two enterprises file for bankruptcies, the Sylvenian federal court orders a federal agency called the National Mortgage Corporation to oversee the bankruptcies. In this case, the court placed the government-sponsored enterprises into _____ with the two enterprises.

Question

Quizplus · Accepted Answer

A conservatorship is the correct term for when a court orders an entity or individual to oversee the financial and operational affairs of another entity or individual, especially in cases of bankruptcy or financial distress, as described for the government-sponsored enterprises in Sylvenia.

Two Government-Sponsored Enterprises in Sylvenia, a European Country, Are Involved