Administration

Business, Legal & Accounting Glossary

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Definition: Administration

Quick Summary of Administration

An insolvency procedure, in which a company is in severe trouble, but still with some hope of recovery, may be put into the charge of a court-appointed administrator. Going into administration means the company cannot be wound up without the court’s permission.

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https://payrollheaven.com/define/administration/
Modern Language Association (MLA):
Administration. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. September 23, 2021 https://payrollheaven.com/define/administration/.
Chicago Manual of Style (CMS):
Administration. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/administration/ (accessed: September 23, 2021).
American Psychological Association (APA):
Administration. PayrollHeaven.com. Retrieved September 23, 2021, from PayrollHeaven.com website: https://payrollheaven.com/define/administration/

Definition Sources

Definitions for Administration are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 26th April, 2020 | 6 Views.