Conservatorship

AAA

DEFINITION of 'Conservatorship'

A circumstance in which the court declares an individual unable to take care of legal matters and appoints another individual, known as a conservator, to do so.

INVESTOPEDIA EXPLAINS 'Conservatorship'

This is sometimes referred to as "LPS Conservatorship". The LPS stands for Lanterman, Petris and Short - the three senators who passed California's mental health conservatorship laws.

Find out how conservatorships play a role in Fannie Mae and Freddie Mac's operations; read How does Fannie Mae (FNMA) make money?

RELATED TERMS
  1. Natural Guardian

    A child's parent. In divorce situations, the parent with custody ...
  2. Guardian

    An individual who has been given the legal responsibility to ...
  3. Escrow Agreement

    A legal documents that outlines the terms and conditions between ...
  4. Power Of Attorney

    A legal document giving one person (called an "agent" or "attorney-in-fact") ...
  5. Bankruptcy Court

    What is bankruptcy court?
  6. Reorganization

    A process designed to revive a financially troubled or bankrupt ...
Related Articles
  1. How Fannie Mae And Freddie Mac Were ...
    Economics

    How Fannie Mae And Freddie Mac Were ...

  2. Liquidity And Toxicity: Will TARP Fix ...
    Insurance

    Liquidity And Toxicity: Will TARP Fix ...

  3. Getting Started On Your Estate Plan
    Options & Futures

    Getting Started On Your Estate Plan

  4. Three Documents You Shouldn't Do Without ...
    Options & Futures

    Three Documents You Shouldn't Do Without ...

comments powered by Disqus
Hot Definitions
  1. Elasticity

    A measure of a variable's sensitivity to a change in another variable. In economics, elasticity refers the degree to which ...
  2. Tangible Common Equity - TCE

    A measure of a company's capital, which is used to evaluate a financial institution's ability to deal with potential losses. ...
  3. Yield To Maturity (YTM)

    The rate of return anticipated on a bond if held until the maturity date. YTM is considered a long-term bond yield expressed ...
  4. Net Present Value Of Growth Opportunities - NPVGO

    A calculation of the net present value of all future cash flows involved with an additional acquisition, or potential acquisition. ...
  5. Gresham's Law

    A monetary principle stating that "bad money drives out good." In currency valuation, Gresham's Law states that if a new ...
  6. Limit-On-Open Order - LOO

    A type of limit order to buy or sell shares at the market open if the market price meets the limit condition. This type of ...
Trading Center